scholarly journals Financial Security Assessment in the European Union Countries

2021 ◽  
pp. 13-19
Author(s):  
Jurga Grikietytė-Čebatavičienė
Keyword(s):  
Financial System ◽  
Financial Security ◽  
Security Assessment ◽  
The European Union ◽  
Development Index ◽  
Eu Countries ◽  
Country Level ◽  
Index Index ◽  
Eastern European Countries ◽  
The Stability

Financial security of the country means the absence of threats to the financial system, ensuring the stability and development of the financial system and the ability to maintain the financial sovereignty of the state. The aim of the article is to evaluate financial security in EU countries. The aggregate financial security index (AFSI) is used to reach this goal. AFSI calculation is based on five sub-indexes: Human Development Index, Economic Globalisation Index, Financial Development Index, Index of Economic Freedom and Country Level Index of Financial Stress. The results show that Market-based EU countries have the highest financial security. The lowest financial security was set in Eastern European countries.

scholarly journals Forecasting the level of financial security of the country (on the example of Ukraine)

2018 ◽  
Vol 15 (3) ◽  
pp. 304-317 ◽  
Author(s):  
Józef Antoni Haber ◽  
Alina Bukhtiarova ◽  
Svitlana Chorna ◽  
Olesia Iastremska ◽  
Tetiana Bolgar
Keyword(s):  
Regression Analysis ◽  
Financial System ◽  
Economic Security ◽  
Main Element ◽  
Security Level ◽  
Financial Security ◽  
Security Assessment ◽  
Economic Relations ◽  
Banking Market

In the conditions of functioning of economic relations, which arise between subjects of the financial system of Ukraine, the question of creating safe conditions for their activity is increasingly being raised. Attention is paid to the investigation of the state of financial security of the country as a component of economic security, in terms of its key elements, which allows attention to the most important indicators and to develop measures to prevent existing threats.The purpose of the paper is to forecast the level of financial security of the country based on regression analysis of impacts factors. The object of the study is the financial system as a mechanism, which is aimed at the activities of financial security subjects of the country to ensure its proper level. As a result of the regression analysis, it was found that changing in the country’s banking security by 1% will decrease the overall financial security index by 0.04 points, while the non-banking market will grow by 0.07 and the monetary component will decrease by 0.51.Based on the calculation of the arithmetic mean of absolute deviations of independent variables, the estimated value of Ukraine’s financial security level is calculated, which is 40.09% in 2018.Proposals for improving the “Methodological Recommendations for Calculating the Level of Economic Security of Ukraine” will help to solve the problem of mathematical substantiation of the choice of indicators for assessing financial security, minimize risks, eliminate subjectivity and improve the efficiency and the quality of the country’s financial security assessment methodology.The article deals with the issues of the financial component of economic security as the main element of ensuring sustainable financial development of the country.

scholarly journals Modeling the stability of the financial system of the country

2019 ◽  
Vol 65 ◽  
pp. 04015
Author(s):  
Valdemar Vitlinskyi ◽  
Liubov Makhanets
Keyword(s):  
Public Finance ◽  
Financial System ◽  
System Stability ◽  
Financial Security ◽  
State Institutions ◽  
The Public ◽  
The Stability ◽  
The Impact

The security of the public finance sector of Ukraine requires monitoring of indicators of the stability of the financial system of the country, as well as modeling the impact of these indicators on the country’s financial security. It is shown that the stability of the financial system of the economy can be checked with the help of the provisions of econophysics. The concept of equilibrium is using to determine stability. The influence of factors on the level of financial security, which is one of the aspects of assessing the stability of the financial system of Ukraine is able to evaluate by simulation. The model of the financial system stability of the country is constructed in the paper. This research can serve as the basis for the adoption by the relevant state institutions of sound decisions on ensuring the stability of the financial system of Ukraine.

scholarly journals Perspectives of the financial stability protection and banking risk prevention

2021 ◽  
Vol 14 (3) ◽  
pp. 109-126
Author(s):  
Miroslav Čavlin ◽  
Jelena Vapa-Tankosić ◽  
Srđan Egić
Keyword(s):  
Financial Stability ◽  
Deposit Insurance ◽  
Financial System ◽  
Risk Prevention ◽  
Financial Security ◽  
Insurance System ◽  
Deposit Insurance System ◽  
The Republic ◽  
The Stability ◽  
Security Network

The deposit insurance system is the backbone of the protective mechanism of the financial security network, which enables the prevention of a "stampede" of depositors on banks in order to prevent a negative effect on the stability of the financial system. Therefore, especially in the event of a crisis, such as the pandemic caused by COVID-19, the protection of financial stability and depositors emphasizes the importance and role of efficient organization of the deposit insurance system. The paper starts from the analysis of the concept of a financial security network in order to create a relevant basis for modeling the directions of development of the system of financial stability protection and risk prevention of banking operations. The aim of the paper is to conduct a research into the theoretical and empirical findings in order to identify the potential for a more effective deposit insurance system in the Republic of Serbia. An efficient deposit insurance system in the Republic of Serbia should provide support and protection for depositors, most of whom do not possess the necessary knowledge which can help them assess banking risks, i.e. risks of financial failure and crisis. The development of our deposit insurance system should be aimed at strengthening the stability of the financial system and banking operations, i.e. its resilience to crisis disturbances on the market.

scholarly journals Impact of Investment Sources for Sustainability on a Country’s Sustainable Development: Evidence from the EU

2020 ◽  
Vol 12 (6) ◽  
pp. 2421 ◽  
Author(s):  
Indre Lapinskaite ◽  
Viktorija Skvarciany ◽  
Patrikas Janulevicius
Keyword(s):  
Sustainable Development ◽  
Positive Impact ◽  
The European Union ◽  
Financial Investment ◽  
Eu Countries ◽  
Eu Member States ◽  
Structural Funds ◽  
Country Level ◽  
Eu Structural Funds ◽  
The Eu

All countries face several issues while running the process of sustainable development—the absence of a uniform means of sourcing investment for sustainable development and the lack of a unified index for the evaluation of sustainable development. No doubt, ensuring sustainable development requires constant financial investments. Hence, it is essential to examine the investment sources for sustainable development at the country level and to comprehend if the current financial investment has a direct impact on the results of a country’s sustainable development. The article aims at identifying the financing sources for sustainable development for each of the European Union (EU) countries and assessing their impact on each of the EU countries’ sustainable development, which is expressed as the Integrated Sustainable Development Index (ISDI). After the detailed analysis of investment sources for the sustainability of the EU countries, two sources of investment, assignation of budget and the EU structural funds, were selected, and ISDI calculation was applied for twenty-five of the EU member states for the period 2003–2017. Correlation analysis (using SPSS software) helped to identify the strength of the connection and to select countries for the Johansen Cointegration Test (using Eviews software) in order to determine how variables interact. The results show that the combination of the assignation of budget and the EU structural funds has a positive impact on the coherence of five (Czech Republic, Denmark, Spain, Slovenia, and Austria) out of twenty-four countries.

scholarly journals RELATION BETWEEN LIFE SATISFACTION AND GDP IN THE EUROPEAN UNION

Ekonomika ◽  
2010 ◽  
Vol 89 (1) ◽  
pp. 9-21
Author(s):  
Mindaugas Degutis ◽  
Sigitas Urbonavičius ◽  
Algis Gaižutis
Keyword(s):  
European Union ◽  
Life Satisfaction ◽  
Well Being ◽  
Eastern European ◽  
Subjective Well Being ◽  
The European Union ◽  
Country Level ◽  
Level Data ◽  
Eastern European Countries ◽  
Wealth Of Nations

In the paper, relation between GDP and subjective well-being, expressed as personal life satisfaction is analysed. On the basis of the European Union data from 2000 to 2009, the so-called Easterlin’s paradox, which claims that life satisfaction stays flat in face of the increasing wealth of nations, is tested. The test is carried out using aggregated country level data on life satisfaction from a Standard Eurobarometer survey and GDP per capita data. Both the cross-country correlation and the within-country trends’ regression analyses show that the GDP level is positively related to the level of life satisfaction. Although the relation is particularly strongly expressed in Eastern European countries, it also stays positive in many more prosperous EU countries. Nevertheless, further studies on factors influencing the shape of relation are necessary to explain exceptions from the relation. The authors also suggest a possible necessity to find more sensitive indicators of life satisfaction to measure it more accurately in the future.

scholarly journals Perception of population ageing and age discrimination across EU countries

2019 ◽  
Vol 3 (4) ◽  
pp. 1-29
Author(s):  
Jitka Rychtaříková
Keyword(s):  
Regression Models ◽  
Personal Characteristics ◽  
Population Ageing ◽  
Age Discrimination ◽  
The European Union ◽  
Individual Level ◽  
Eu Countries ◽  
Country Level ◽  
Age Related ◽  
Partnership Status

Population ageing is the most dominant demographic challenge that the European Union is experiencing in the 21st century. This may create negative attitudes and lead to discrimination against persons of advanced age. Age-related stereotypes and prejudice can result in age discrimination, termed ageism. This research concerns the question of perceived ageism towards older people in 25 EU countries, surveyed in 2015 using the Special Eurobarometer 437. The analytical section includes descriptive findings and the results of three multi-level regression models addressing three domains (explained variables) of perceived ageism: 1) discrimination in general, 2) discrimination during economic crisis, and 3) discrimination when electing an older person as a high official. The two-level regression allowed simultaneous modelling of individual-level (gender, age, partnership status, social class, and life satisfaction) and of country-level (life expectancy at 55, perceived start of old age, and HDI) effects. The personal characteristics impacted much stronger perceived ageism than country contexts. Ageist perception in general has mostly been noted at pre-retirement age, but the age profile has not been the same across three regression models. The East-West gradient, frequently reported, is questioned because the geographical picture of perceived ageism is rather puzzling.

scholarly journals Unia bankowa a stabilność systemu finansowego UE

2017 ◽  
pp. 75-88
Author(s):  
Małgorzata Mikita
Keyword(s):  
European Union ◽  
Financial Market ◽  
Financial System ◽  
Banking Union ◽  
The European Union ◽  
Single Supervisory Mechanism ◽  
Single Resolution Mechanism ◽  
The Stability ◽  
The Impact ◽  
The Eu

Banking union is a new concept of the European Union in the field of financial market. The project aim is to strengthen the financial system and increase its resistance to crises that may arise in the future. This article aims to analyse the impact of the banking union on the stability of the financial system in the EU. Three pillars of the banking union are taken into account: single supervisory mechanism, single resolution mechanism and single deposit guarantee scheme. The author argues that the banking union can contribute to the stability of the financial system in the EU, but it cannot guarantee it

scholarly journals Tax morale, Eastern Europe and European enlargement

2012 ◽  
Vol 45 (1-2) ◽  
pp. 11-25 ◽  
Keyword(s):  
European Union ◽  
Justice System ◽  
Tax Compliance ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Tax Morale ◽  
Country Level ◽  
The Government ◽  
Eastern European Countries

This study tries to remedy the current lack of tax compliance research analyzing tax morale in 10 Eastern European countries that joined the European Union in 2004 or 2007. By exploring tax morale differences between 1999 and 2008 we show that tax morale has decreased in 7 out of 10 Eastern European countries. This lack of sustainability may support the incentive based conditionality hypothesis that European Union has only a limited ability to influence tax morale over time. We observe that events and processes at the country level are crucial to understanding tax morale. Factors such as perceived government quality, trust in the justice system and the government are positively correlated with tax morale in 2008.

European Integration

2020 ◽  
Author(s):  
Johann P. Arnason
Keyword(s):  
European Integration ◽  
Eastern European ◽  
The European Union ◽  
Historical Processes ◽  
History Of ◽  
External Conditions ◽  
Eastern European Countries ◽  
Totalitarian Regimes ◽  
The Eu

Different understandings of European integration, its background and present problems are represented in this book, but they share an emphasis on historical processes, geopolitical dynamics and regional diversity. The introduction surveys approaches to the question of European continuities and discontinuities, before going on to an overview of chapters. The following three contributions deal with long-term perspectives, including the question of Europe as a civilisational entity, the civilisational crisis of the twentieth century, marked by wars and totalitarian regimes, and a comparison of the European Union with the Habsburg Empire, with particular emphasis on similar crisis symptoms. The next three chapters discuss various aspects and contexts of the present crisis. Reflections on the Brexit controversy throw light on a longer history of intra-Union rivalry, enduring disputes and changing external conditions. An analysis of efforts to strengthen the EU’s legal and constitutional framework, and of resistances to them, highlights the unfinished agenda of integration. A closer look at the much-disputed Islamic presence in Europe suggests that an interdependent radicalization of Islamism and the European extreme right is a major factor in current political developments. Three concluding chapters adopt specific regional perspectives. Central and Eastern European countries, especially Poland, are following a path that leads to conflicts with dominant orientations of the EU, but this also raises questions about Europe’s future. The record of Scandinavian policies in relation to Europe exemplifies more general problems faced by peripheral regions. Finally, growing dissonances and divergences within the EU may strengthen the case for Eurasian perspectives.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

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