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Finance and Credit
 

Developing a system of indicators of national financial security

Vol. 23, Iss. 29, AUGUST 2017

PDF  Article PDF Version

Received: 24 March 2017

Received in revised form: 19 June 2017

Accepted: 5 July 2017

Available online: 15 August 2017

Subject Heading: Financial system

JEL Classification: F52, G01, G18

Pages: 1723–1736

https://doi.org/10.24891/fc.23.29.1723

Alifanova E.N. Rostov State University of Economics, Rostov-on-Don, Russian Federation
alifanovaen@mail.ru

Evlakhova Yu.S. Rostov State University of Economics, Rostov-on-Don, Russian Federation
evlahova@yandex.ru

Subject The article addresses methodological approaches to national financial security evaluation.
Objectives The purpose of the study is to formulate selection principles and classification system of indicators, which will enable to solve existing methodological problems in the realization of integrated approach to creating a system of indicators of financial security.
Methods The study employs logical and comparative analysis, generalization of theoretical material, methods of tabular and graphic representation of data.
Results We created a two-level system of indicators of the national financial security, developed selection principles, and presented a system of classification criteria of the indicators. The findings may be used at the theoretical level for further studies of the national financial security, at the application level for monitoring the national financial security. This will help implement a risk-oriented approach based on identification of threats, susceptibility and their implications, which generates a country risk profile in the context of financial security at the global level.
Conclusions and Relevance The complexity in creating the system of indicators, which is revealed as one of important elements of the methodological approach to the study of the national financial security is implemented in the interconnected analysis of the following systems: a two-level system of indicators of the national financial security; a system of selection principles of the indicators; a system of classification criteria of the indicators; a system of monitoring the indicators to assess financial security.

Keywords: assessment factor, financial safety, risk-based approach, financial security

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