The article provides the results of an investigation on the institutional space of Ukraine and Russia in the context of analysis of the level of trust in the leading institutions of the financial market. The author presents a comparative analysis of the efficiency of the legal environment of the two countries as to the protection of rights of the consumers of financial services and justifies the need of the formation of uniform criteria for operational activity on the financial markets of both countries in order to avoid disproportional liquidity flows

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This paper presents the features of the institutionalization of the Ukrainian financial market in the context of high levels of market asymmetry due to the insufficient level of general fi-nancial culture. The author characterizes the global experience of improving the financial culture of population, and justifies the ways to overcome the market asymmetry of socio-institutional space of the Ukrainian financial market

Keywords:financial culture, market asymmetry, information asymmetry, operational asymmetry

The article presents the mental features of the Greek society affecting the development of the socio-institutional space of the economy. The author characterizes the factors conditioning the functioning of closed professional markets in Greece, and defines the socio-institutional transformations of the Greek society, which are developing due to the general European reforming of the fiscal space and liberalization of the Greek economy.
It is justified that, under the modern conditions, destruction of the patriarch sector as a source of innovative activities of the Greek society is going on, which is a consequence of the destructing of the deeply rooted dynasty business-tradition of the closed professional markets, development of a dis-torted competition environment and lower confidence. That is why a socio-institutional renewal is needed, which can be attained through efficient interaction with the states with a relative civilization profile. In this context, the author proves the decisive character of the cooperation between Russia, Ukraine and Greece for ensuring a civilization equilibrium and social renewal

Keywords:socio-institutional transformation, liberalization, closed professional markets, dynasty business-tradition

The article presents the results of an investigation on the problems of formation of a single monetary space in EU. Based on a historical analysis of the stage of creation of the European currency union and the development of .economic integration and supranational coordination in the European economic space, the author justifies the inverted character of the processes of creation of the euro area and proves that the unity of the European monetary space, on the one side, was not ensured by the general economic and fiscal unity of the Member Countries, and, on the other hand, it was introduced after the active development of the financial unity by liberalizing the capital movement in EU in 1970-1990s, which is the content of the inverted nature of the euro area. The unity of the euro area’s monetary space and the integrating role of the single European currency were efficient in conditions of financial and economic stability, when the factors of fiscal disintegration were inactive. However, when they ceased to be neutral to the general economic situation, the monetary unity became a factor blocking the way out of the state of instability. Attaining the effectiveness of monetary unity in the euro area showed its neutral impact on economic growth and employment, which repeats, in the history of creation of the European currency union, already for the third time. In this context, the author concludes, that the monetary integration does not pursue general economic objectives, but, mostly the financial ones.

Keywords:euro area, monetary unity, financial space, inverted nature

The article presents the results of a research on the activities aimed at streamlining the securitization in the European financial and institutional coordinates and orienting it to the post-crisis recovery by creating effective and prudent incentives for operating activities of the operators on the securitization market. The author defines the main purpose of active rehabilitation of securitization in the EU, which is reviving market crediting on the part of the "sleeping" European banking system, which even with the low interests and high refinancing rates fail to meet the needs of the real economy.
Our study demonstrates that active recovery of the securitization market is considered today as one of the ways to create the Capital Markets Union, and should serve the purpose of greater integration in the European financial and institutional space, and extend the funding of the real economy through the creation of alternatives to bank lending. At the same time, it demonstrates certain contradictions of the current securitization both in the context of its actual influence on the operating activities of the banking institutions, and in the aspect of fundamental transformation of the system of financial intermediation caused by the mechanisms of securitization. The article presents conclusions concerning, on the one hand, the unavailability of Ukraine's financial and institutional environment to actively use the securitization mechanisms, and, on the other hand, their obvious inappropriateness in the context of the consolidation of the post-crisis development as for formal reasons, and for the reasons of underlying fundamental nature.

Keywords: securitization, eurozone, contradictions, risks, Ukraine's financial-and-institutional space