Financial Stability: the Problem of Interpretation
Journal Title: Бізнес Інформ - Year 2016, Vol 4, Issue
Abstract
The article is concerned with studying the problem of interpretation of the concept of «financial stability», allocating the major groups of approaches to its interpretation and clarifying the reasons for absence of a single uniform definition. On the basis of an analysis, approaches to interpretation of the category of «financial stability» have been divided into three main groups. In the definitions by central banks (the first group) emphasis is more often placed upon the matter that a system (not necessarily financial) is considered stable if it is able to perform all their functions even under conditions of minor adverse shocks and upheavals. The second way to interpretation - by contradiction - must be taken into consideration in the process of studying the financial stability. According to the third group of views, a system can be considered financially stable until the process of transforming savings into investments remains unbroken. The main reasons for the absence of a single clear formulation of the concept of «financial stability» have been identified, namely: different approaches used by scientists to understanding the content of financial system; refocusing from studying the financial stability towards financial crises; accounting the indicator of financial stability in place of the indicator of financial disturbances. A prospective direction for further research is assessment of financial stability through practical consideration of quantitative characteristics that influence on such stability.
Authors and Affiliations
Mykola Romaniak
Keywords
Related Articles
- EP ID EP117899
- DOI -
- Views 85
- Downloads 0
The Necessity Infrastructure Development of External Economic Activity of Agricultural Enterprises
The article is devoted to researching necessary to develop the infrastructure of foreign trade of agricultural enterprises. The role of stock trading is discussed. The possibilities of wholesale markets is investigated.
Specifics of the Software And Hardware Implementation of the Web-Based System for Management of Interaction of the E-Commerce Actors
The article considers mechanisms for the software and hardware implementation of the Web-based system for management of interaction of the e-commerce actors. A modular structure of the functional blocks related to the We...
Two-Factor Model of a Rational Profit-Oriented Behavior of Household
In the article relevance of research of the economic, in particular the profit-oriented, behavior of household, which is a form of a small social group, is substantiated. A model of rational profit-oriented behavior of h...
Improvement of the Process of Building the Object-Oriented Model of Aircraft Building Production on the Basis of Formation of Centres of Competences/Specialization (on the Example of Unmanned Aerial Vehicles)
The article is aimed at studying the process of improving the subject-oriented model of the production of unmanned aerial vehicles (UAV) on the basis of formation of centres of competences/specialization for a competiti...
Methodical Approach to Obtaining Integral Evaluation of Economic Safety of Agricultural Companies Using Entropy Method
The article modifies the model of Hartmut Bossel's "orientor star" and methods of evaluation of the level of organisation of a socio-economic system on the basis of the method of entropy of evaluation of its stability. I...