Prioritizing macroeconomic stability within Ukraine's financial policy under contemporary conditions
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Date
2023
Authors
Donkohlova, Nataliia
Lukianenko, Iryna
Journal Title
Journal ISSN
Volume Title
Publisher
Kyiv-Mohyla Academy Publishing House
Abstract
Ensuring financial stability and minimizing vulnerability to external negative influences is a necessary tool for the sustainable development of national economic systems and their sustained growth. Currently, there are significant threats of macroeconomic imbalances due to the presence of convergent and divergent connections in the economic space. Global and internal economic changes, as well as financial market instability, impact aspects such as investment levels, employment, income distribution, and overall economic activity. The study of financial stability becomes increasingly important in the context of the complex socio-economic situation that has arisen in Ukraine since the onset of a full-scale invasion, with the increase of external and internal risks, social and financial instability, the outflow of skilled labor, and the slowing of economic growth, significantly limiting the application of classical tools of macroeconomic regulation. Consequently, the research, development, and implementation of appropriate mechanisms and algorithms to assess the impact of these factors become crucial for timely coordination and synchronization of state policy aimed at achieving macroeconomic stability in the context of intensifying globalization processes. Timely identification of negative trends in the qualitative and quantitative parameters of macroeconomic stability allows a prompt response to internal and external challenges, reducing the high level of uncertainty and negative consequences.
Description
Keywords
financial stability, national economic, macroeconomic policy, macroeconomic stability, financial system, monograph section
Citation
Donkohlova N. Prioritizing macroeconomic stability within Ukraine's financial policy under contemporary conditions / [Donkoglova Nataliia, Lukianenko Iryna] // Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability : the collective monograph / [Lukianenko I., Galytska E., Primierova O. et al. ; general editor Lukianenko I.] ; National University of Kyiv-Mohyla Academy. - Kyiv : Kyiv-Mohyla Academy Publishing House, 2023. - Chapter 1.2. - P. 14-25.