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Financial Stability and its Support in the Financial Sector of Economy: International and National Context

Author

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  • Kovalenko Yuliya M.

    (National University of State Tax Service of Ukraine)

Abstract

The article focuses on an insufficient number of studies of issues of stability of the financial sector of economy. It defines financial stability as a property of this sector to perceive and oppose to exogenous factors through stability with respect to endogenous factors, to maintain its functioning in the dynamic equilibrium and also to fulfil its functions and provide certain parameters of the whole financial system and economy in general. The article defines such a notion as "structural stability" - characteristics of a qualitative similarity of models of the financial sector when changing different parameters. It argues that assessment of its stability should include: observance of international standards in the sphere of functioning of institutional units of the financial sector; macro- and micro-prudential indicators and creation of effective institutional environment through stable functioning of macro-finances. It reveals the reasons of main imbalances in 2007 - 2009. It shows the tasks of the World Council on Financial Stability, shortcomings of which allowed offering of establishment of the Council on Anti-Crisis Regulation. It considers the structure of assessment of stability of the financial sector and also its main macro- and micro-economic indicators.

Suggested Citation

  • Kovalenko Yuliya M., 2013. "Financial Stability and its Support in the Financial Sector of Economy: International and National Context," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 9, pages 274-279.
    • Handle: RePEc:idp:bizinf:y:2013:i:9:p:274_279
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