scholarly journals Main Approaches to Assessing the Economic and Financial security: The Essence and Directions of Improvement

2021 ◽  
Vol 2 (517) ◽  
pp. 6-12
Author(s):  
O. O. Solodovnik ◽  
Keyword(s):  
Financial Stability ◽  
Financial Economic ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Scientific Publications ◽  
State Region ◽  
Basic Approaches ◽  
Security Indicators ◽  
High Degree

The present day global financial-economic crisis caused by the spread of the COVID-19 pandemic actualizes the problem of improving the basic approaches to assessing the economic and financial security of systems at all levels of management. The article is aimed at disclosing the essence and analyzing the main approaches to assessing the economic and financial security of the State, region, enterprises in order to substantiate the directions of improving the methodological basis for ensuring the economic and financial security of systems at different levels of management in accordance with the novel wave of challenges and threats. On the basis of research of scientific publications, the main approaches – the indicator and the functional – to the assessment of economic and financial security of systems at all levels of management are allocated and characterized; directions of their improvement are substantiated: expansion of the existing system of indicators by means of inclusion in its composition indicators of early warning of crisis phenomena in other spheres of public life that can undermine economic and financial stability; substantiation of scientific provisions on the use of the multiplier form of the integral indicator. It is proposed to improve the official approach to computing the level of economic security of Ukraine by including the ecological security indicators in the system of economic security indicators. The emphasis is placed on the need for further development of the scenario approach to the assessment of economic and financial security of the State, region, enterprise, which allows to obtain an assessment of the level of security of the research object in the medium and long term, with an average or high degree of uncertainty.

The Threats of Ukraine Financial Security: Identification and Systemization

2019 ◽  
pp. 73-80
Author(s):  
Oleksandra Maslii ◽  
Andrii Maksymenko ◽  
Svitlana Onyshchenko
Keyword(s):  
Financial Stability ◽  
System Development ◽  
Financial System ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Monitoring And Control ◽  
Development Indicators ◽  
Security Indicators ◽  
And Control

Place of monitoring and control of risks of financial stability of the state in the system of ensuring financial security of the state was substantiated. Methods of identifying threats to Ukraine's financial security through the current and strategic analysis of financial system development indicators were considered. Tendencies of economic development of Ukraine in the context of revealing sources of threats to financial stability of the state were analyzed. Dynamic analysis of the actual values of the financial security indicators of Ukraine as a whole and its separate components had been carried out. Threats to Ukraine's financial security were identified based on comparative and trend analysis. Reasons for the critical state of debt, banking and monetary security in the financial structure and the preconditions for the emergence of systemic threats had been investigated. Systematization of risks and threats to Ukraine's financial security by its components had been carried out. Influence of systemic threats in the financial sphere on the economic security of the state was generalized. International experience of monitoring financial stability of the state was analyzed. Additional risks to the national financial system are associated with the globalization and digitization of the state financial system that are not taken into account by valid methodological recommendations for calculating the level of economic security of Ukraine were highlighted.

DIAGNOSTICS OF THE STATE OF FINANCIAL SECURITY OF UKRAINE

2018 ◽  
pp. 12-18 ◽  
Author(s):  
Iryna Petrivna Mihus ◽  
Liudmila Mykolayivna Akimova ◽  
Elena Anatolievna Harnyk
Keyword(s):  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Economic Relations ◽  
External Threats ◽  
Complex Process ◽  
The Stability ◽  
Security Indicators ◽  
High Level ◽  
High Degree

Urgency of the research. The transition to the market in Ukraine led to changes in the sphere of economic relations, which are characterized by a high level of instability. Signifi-cant changes that have occurred in recent years have also created new threats to the domestic economy, necessitating the diagnosis of Ukraine's financial security. Target setting. The welfare of each state primarily de-pends on the stability of its financial system, which is provid-ed through the timely diagnosis of its threats and response to them. Actual scientific researches and issues analysis. The issues of financial security of the nation, as an economic component, the principles of the formation of a system for ensuring financial security were revealed in the works of domestic and foreign scientists, namely in the works of A. Baranovsky, V. Geyets, M. Yermoshenko, J. Zhalilo, B. Karpinsky. A. Sukhorukov, A. Shevchenko and others. Uninvestigated parts of general matters defining. In the conditions of cyclical economic fluctuations, which are characterized by a high degree of uncertainty, it is of acute necessity to diagnose the financial security as a component of the state's economic security. The research objective. The purpose of the article is to conduct a diagnosis of Ukraine's financial security and identi-fy the threats that affect it. The statement of basic materials. The article analyzes both the dynamics of integral indicators of the components of financial security by the methodology of the Ministry of Economy of Ukraine for 2013 – 2017 and the dynamics of financial security indicators by the methodology of the Na-tional Institute of International Security Problems of Ukraine from 2013 to 2017, as well as distinguishes their shortcom-ings. There is proposed a system of measures to increase the level of financial security of the enterprises in Ukraine. Conclusions. Diagnostics of the level of financial security is a complex process of identifying, analyzing, eliminating and forecasting the emergence of internal and external threats to the state. Diagnosis of the components of financial security is the basis for developing a set of measures to counter threats and improve the level of protection of Ukraine.

Evaluation Methods of Financial Security of Municipalities

2018 ◽  
Vol 7 (4.38) ◽  
pp. 67
Author(s):  
Oleg Georgiyevich Blazhevich ◽  
Diana Dmitrievna Burkaltseva ◽  
Vlasta Vitalievna Shalneva ◽  
Elena Aleksandrovna Smirnova ◽  
Olga Anatolievna Guk ◽  
...  
Keyword(s):  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Security Assessment ◽  
Methods Of Evaluation ◽  
Source Data ◽  
Security Levels ◽  
The Republic ◽  
Security Indicators ◽  
Constituent Elements

Subject / topic. Financial security of the state consists of many constituent elements and can be divided into federal, regional and local levels, each of which conditions financial security of the state in general.Purpose / objectives. The purpose of the article is to define the methods of evaluation of financial security of municipalities. In order to achieve this purpose, it is necessary to solve the following tasks:To define the general stages for financial security assessment of activities of municipalities;To offer the system of indicators for evaluation of financial security of municipalities;To define the borders of financial security of municipalities.Methods.The dialectical method of scientific cognition was applied in studying the role and influence of financial security on the development of the economy of the regional municipalities; methods of monitoring, measuring, analyzing and comparing of indicators that characterize the financial security of the municipalities of the Republic of Crimea have also been applied. Results.The financial security of the region is an essential part of the region's economic security, reflecting the condition and readiness of the financial system of the region to timely, reliable and independent financial provision of economic needs in terms that are sufficient for effective functioning, as well as its ability to withstand internal and external financial threats in changing conditions. The financial security of the region is influenced by intraregional, domestic and external international threats.Conclusion/ Relevance. The main stages of evaluating the financial security of municipalities have been developed: collecting of source data, grouping and calculation of statistical indicators, converting the indicators to a comparable type, calculating integrated financial security indicators for each municipality, evaluating the financial security of municipalities, and allocating of municipalities to financial security levels.   

scholarly journals Financial security of a small open economy in conditions of globalization as a requirement for economic growth

2019 ◽  
pp. 9-24
Author(s):  
Piotr Komorowski
Keyword(s):  
Economic Growth ◽  
Open Economy ◽  
Financial Stability ◽  
Small Open Economy ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Special Significance

In the conditions of the globalization of economies the issue of financial stability, which is a condition for the economic security of the state, has acquired a special significance. The aim of the article is to determine the importance of the role of financial stability for maintaining economic security and economic growth and to validate the role of the Safety Network Institution in maintaining stability.

scholarly journals AN ASSESSMENT OF THE FINANCIAL AND ECONOMIC SECURITY OF THE AGRICULTURAL SECTOR IN UKRAINE

2021 ◽  
Vol 4 (39) ◽  
pp. 241-250
Author(s):  
N. Sirenko ◽  
T. Lunkina ◽  
A. Burkovskaya ◽  
К. Mikulyak
Keyword(s):  
Financial Stability ◽  
Agricultural Sector ◽  
Jel Classification ◽  
Economic Security ◽  
Financial Resources ◽  
Financial Security ◽  
Market Environment ◽  
Economic Activities ◽  
Macroeconomic Indicators ◽  
Security Indicators

Abstract. The article states that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities; protection from external and internal dangers, improvement of financial firmness, and stability.  It is established that one of the ways to solve these problems is the application of modern approaches to determining the level of financial and economic security of agricultural sector entities in order to identify the most significant threats to the market, as well as the application of modern approaches to improving the level of financial and economic security of the Ukrainian agricultural sector.  It was found that the financial security of the country directly and proportionally affects the financial and economic security of the agricultural sector, and the presence of problems can prevent the agricultural sector from reaching the desired economic level. The basic elements of financial and economic security in agricultural entities are identified as financial resources, financial stability (solvency), and profitability of operating activities, effectiveness of financial and economic activities, the possibility and cost of attracting external financial resources. The indicators for financial and economic security of agricultural enterprises in Mykolayiv region are assessed and a model of factors influencing the indicator, which is the profitability of operating activity, is developed.  General and specialist research methods were used to study theoretical, and methodological issues of financial and economic security in the agricultural sector; monographic, causal relationships, and logical modeling are also used in determining the indicators of assessing the level of financial and economic security in the agricultural sector;  method of dynamic analysis  and — in order to assess the rate of economic growth of the main macroeconomic indicators of the country, taking into account the dynamics of their change in the market environment;  calculation-constructive, graphic — when assessing the level of financial and economic security.  It is proved that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities in the market environment, protection from external and internal dangers, as well as creating conditions for long-term development, given globalization challenges. Keywords: agricultural sector, financial security, financial and economic security, indicators, approaches. JEL Classification Q14, Q18 Formulas: 0; fig.: 1; tabl.: 6; bibl.: 13.

Financial risks of budget security and their state regulation

Ekonomika APK ◽  
2021 ◽  
Vol 322 (8) ◽  
pp. 67-78
Author(s):  
Ivan Marko ◽  
Oksana Radchenko ◽  
Oleksandr Melnychuk
Keyword(s):  
Economic Security ◽  
State Regulation ◽  
The State ◽  
Practical Significance ◽  
Financial Risks ◽  
Financial Security ◽  
State Budget ◽  
Scientific Publications ◽  
Definition Of ◽  
Individual Security

The purpose of the article is to substantiate the features of financial risks of the budget component of financial security of Ukraine on the example of the analysis of expenditures for individual security-forming sectors. Research methods. A monographic method was used to review scientific publications of researchers and the regulatory framework on budget security, empirical, systemic and comparative analyzes and synthesis for monitoring indicators and sub-indices of financial and budget security, a graphical method to reflect the dynamics of the studied indicators, a statistical method to identify the integration of risks, abstract logical for theoretical generalizations and conclusions. Research results. Financial risks for the sphere of budget security are classified. The dynamics of the integrated index of economic security and subindex of financial security, and in its structure, budgetary security is analyzed; operational budget expenditures and expenditures on the food and national security sectors. The directions based on which the types of budget security are regulated are determined: focus on achieving the strategic goal; the need to guarantee the priority of budget expenditures for specific industries in the context of political, economic, artificial and global crises; for economic sectors - compliance with the balance of the industry's contribution to GDP and the share of its funding from the State Budget. Scientific novelty. The definition of financial risks of budget security as threats to organizational, regulatory, and administrative measures for the formation of state budget revenues and expenditures has been further developed. The analysis of financial security sub-indices for the current period is in-depth. The connection between financial and budgetary security has been established. The dependences of the dynamics and efficiency of budget expenditures on individual security-forming industries are studied. Methodological support of budget security analysis processes and approaches to the effectiveness of state regulation has been improved. Practical significance. Improvement of the grouping of financial risks, methodical approaches to the definition of directions of the state regulation of decrease in the level of financial risks in the field of budgetary safety is offered. Some conclusions of the study can be used to form the Strategy for the development of security-forming industries. Tabl.: 7. Figs.: 1. Refs.: 31.

scholarly journals FINANCIAL AND LEGAL ASPECTS OF ECONOMIC SECURITY OF THE STATE

2021 ◽  
Vol 4 (39) ◽  
pp. 482-493
Author(s):  
I. Nastasiak ◽  
O. Baik ◽  
O. Zaiats ◽  
N. Mykhalitska ◽  
M. Veresklia
Keyword(s):  
Financial Stability ◽  
Research Abstract ◽  
Legal Regulation ◽  
Economic Security ◽  
The State ◽  
Scientific Development ◽  
Stress Index ◽  
Security Level ◽  
Financial Security ◽  
External Threats

Abstract. The problem of elaborating the comprehensive state policy on regulatory and legal provision of the financial security at all levels of economy is significantly important for Ukraine. It is crucial to ensure development and implementation of the legislative framework that would determine the types of internal and external threats to the stability of financial activity and the means of counteracting these threats; the full power and responsibility of state authorities concerning the financial and legal regulation aimed at warranting order in financial sphere; the mechanism of financial control organization as the means of preventing financial offences. The aim of the research is to outline the essence of new threats to the economic and financial security of the state under modern economic conditions and search for the required mechanisms and means of regulatory and legal provisioning of the financial security of Ukraine. In the course of research, the general scientific and theoretical methods have been applied. These include systemic analysis (for defining the object and the subject of research); abstract and logical method (for preparing the scientifically justified generalizations and conclusions about the essence, the mechanism of provisioning financial security of the state, and the factors that designate it); graphic method (for representing visually the mechanism of ensuring financial security of the state). The article introduces improvements to the list of modern internal and external threats to the financial and economic security of the state with respect to the immanent nature of the World Band and the International Monetary Fund. It has been emphasized that the new list of indicators and sources of initial information about the constituent components of financial security should be developed and approved because the current list was outlined in the end of 2013 and does not take into account modern realia. It is necessary to determine the functions of the Ministry of Economy of Ukraine in the realm of monitoring and regulating financial stability of the state, particularly in the real economy sector. It has been specified that scientific development of the range of problems related to the methodology and legal regulation of the state security provisioning, as well as the means and methods of preventing and mitigating the threats, is tightly connected with the development of macroprudential supervision and regulation under the aegis of the National Bank of Ukraine. The introduction of new indicators by the Bank (such as the level of non-performing loans, the financial stress index, and others) is the positive step. Nonetheless, the large quantity of private indicators interferes the process of elaborating the set of measures for financial and legal regulation of the financial security level. The new methodological approach to development of the integrated indicator of financial stability at the macro level has been suggested. The research results enable the possibility of improving the mechanism of state financial security and justifying the set of measures for its reinforcement. The review and improvement of the current legal framework in the area of financial and regulatory economic security, and development of the new integrated indicator of financial security level are necessary. Keywords: financial security; internal and external threats; legal mechanism of security provision, macroprudential regulation. JEL Classіfіcatіon: О12, Е59 Formulas: 0; fig.: 2; tabl.: 1; bibl.: 16.

scholarly journals System for evaluation of financial security of operational activity of oil-and-fat industry enterprises

2021 ◽  
Vol 7 (4) ◽  
pp. 138-159
Author(s):  
Larysa Dokiienko ◽  
Nataliya Hrynyuk ◽  
Olena Nakonechna ◽  
Olga Mykhailyk
Keyword(s):  
Financial Stability ◽  
Comprehensive Evaluation ◽  
The State ◽  
Security Evaluation ◽  
Financial Security ◽  
Scientific Publications ◽  
Operational Activities ◽  
Operational Activity ◽  
The Impact ◽  
Operating Activities

Purpose. The purpose of the article is to develop a system for evaluation the state of financial security of operating activities of enterprises in oil-and-fat industry based on the coordination of the interaction of the main factors of influence and levels of its components. Methodology / approach. In the process of writing the article the following research methods were used: abstract-logical (at the systematization of scientific publications on the problems of management of enterprises in oil-and-fat industry, financial security of enterprises), grouping (by clustering enterprises depending on the obtained results), comparisons (by developing a model for assessing the degree of financial stability of operating activities of enterprises), coefficient (by developing a model for assessing the degree of liquidity of enterprises), formalization (by developing a matrix for diagnostics of the state of financial security of operating activities of enterprises), generalization (by formulating research conclusions). Results. In the process of research, the system of complex evaluation of degrees and levels of the main components of financial security of the operations activities of the enterprises in oil-and-fat industry was substantiated: a model for assessing the financial stability of operating activities and a model for assessing the liquidity of an enterprise. A diagnostic matrix for the financial security status of the operational activities of the enterprises in oil-and-fat industry was developed to define the security boundaries of the operation activity of enterprises. Approbation of the proposed system for assessing the financial security of operating activities on the materials of the selected group of enterprises in the oil-and-fat industry made it possible to analyze the dynamics of the state of the financial security of their operating activities. Originality / scientific novelty of the research is to develop tools for a comprehensive evaluation of the financial security of the operating activities of the enterprises in oil-and-fat industry. The method of determining the impact of the degree of financial stability and liquidity of the enterprise on the level of financial security of current activities was improved. For the first time, a nine-quadrant matrix of the state of financial security of operating activities of enterprises depending on the ratio of the degrees of the above factors was substantiated. Practical value / implications. The use of the proposed system of financial security evaluation of operating activities of the enterprise, according to the authors, can serve as an effective mechanism for managing the financing current activities of enterprises in oil-and-fat industry and become an informative tool for factor analysis in managing their overall financial security.

scholarly journals FINANCIAL AND ECONOMIC SECURITY OF THE NATIONAL ECONOMY: APPROACHES TO EVALUATION IN THE CONDITIONS OF DIGITALIZATION

2021 ◽  
Author(s):  
Kostiantyn Shaposhnykov ◽  
Lilia Solomonova
Keyword(s):  
International Organizations ◽  
National Economy ◽  
Financial Stability ◽  
Adult Population ◽  
Financial System ◽  
Economic Security ◽  
The State ◽  
Financial Inclusion ◽  
Financial Security ◽  
The Impact

The article examines the indicators of financial security of Ukraine and the position of the state in international rankings compiled by international organizations. Some international rankings are considered in detail and the corresponding conclusions concerning financial safety of Ukraine are made. The impact of assessments of international organizations on the financial stability and security of the country is analyzed, namely indicators of fiscal (tax) burden, fiscal health, monetary freedom, financial freedom, are indicators that can be used for financial security at the macro level. An assessment of the Competitiveness Index of Ukraine and the Global Financial Index is provided; this facilitates the assessment of the level of financial inclusion of the country. It is concluded that Ukraine’s rating is extremely low, the state of financial security of the national economy is on the border between satisfactory and critical values, there is an unsatisfactory state in the assessment of the banking system as a whole. The article provides the assessment of financial security that is carried out by an external investor or lender who does not have deep knowledge about the peculiarities of the functioning and development of the financial system of Ukraine, but makes decisions based on international ratings of national economies, which is negative for further financial decisions. Almost half of the adult population of the state remains outside the financial system and does not use financial products and services, does not pursue its own financial interests and does not invest in the assets of the financial sector, which is in dire need of investment. It is also possible to note the significant lag in the level of financial inclusion in Ukraine, which, in turn, contributes to the spread of shadow schemes in the economy, capital outflows, shortfalls in budget revenues, and ultimately reduce the financial security of our country. Therefore, at the state level, urgent measures should be taken to increase the rating positions of Ukraine through a qualitative transformation of the domestic financial system in the direction of increasing the level of financial security of the state.

scholarly journals THE ROLE OF INSURANCE IN ENSURING THE FINANCIAL SECURITY OF THE STATE IN THE CONDITIONS OF THE COVID-19 PANDEMIC

2021 ◽  
Author(s):  
Nataliia Sytnyk ◽  
Yaryna Kunynets
Keyword(s):  
Financial System ◽  
Financial Economic ◽  
Economic Security ◽  
The State ◽  
Insurance Market ◽  
Insurance Companies ◽  
Normal Operation ◽  
Financial Control ◽  
Financial Security ◽  
Factors Influencing

Identification of the main problems in ensuring the financial security of the state is based on a comprehensive analysis and identification of factors influencing the level of protection of the national financial system. The complexity of building the financial system itself during the global pandemic has become much more complicated, but there is a need to review each of its integral parts to objectively assess the overall level of security. Determining the level of financial security is carried out using an integrated index of financial security, which is the sum of integrated indices of certain areas of the budget of financial activities, debt, monetary base, currency, insurance, stocks, banking, investment. The insurance market is one of the key indicators of the level of financial security of the state and its citizens. The insurance market is one of the most important components of the financial sector of the economy. Without a well-developed infrastructure of the insurance market, it is impossible to ensure the progressive socio-economic development of the state. The article summarizes the shortcomings inherent in public financial control at the present stage of its development in the field of insurance. The article analyzes the dynamics of the main indicators of the state of development of the insurance market of Ukraine, identified factors influencing its level of financial security and identified areas for achieving a satisfactory state of financial security of the domestic insurance market. The list of modern threats to the normal operation of domestic insurance companies is determined, their division into internal and external according to the nature of their origin. Statistics on individual parameters that characterize the insurance market are presented. The importance of economic security of insurance companies for the financial, economic and national security of the state is substantiated. The authors of the article identified the factors influencing the state of public financial control in Ukraine and identified areas for improving public financial control in the context of financial security of the state and the insurance market in the COVID-19 pandemic. The article substantiates that the conditions for attracting investment and a safe environment in Ukraine have not yet been formed. The system of indicators and criteria for assessing the level of security of the investment environment should be expanded.

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