FORMATION AND SUBSTANTIATION OF ANTI-CRISIS STRATEGY OF FINANCIAL SECURITY OF COUNTRIES WITH ECONOMIES IN TRANSITION

Oleksiy Getmanenko ()
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Oleksiy Getmanenko: Uzhhorod National University, Ukraine

Three Seas Economic Journal, 2020, vol. 1, issue 3

Abstract: The purpose of the article is to form and substantiate the anti-crisis strategy of financial security of countries with economies in transition. This need is due to the fact that the development of the world economy and international financial relations, strengthening integration processes in the world in times of the ongoing global financial instability, internal and external contradictions and imbalances in financial markets require the development of new ways to improve financial security. Methodology. In the course of the analysis, various concepts and directions of improving the financial security of the state were considered, using the methodology of system analysis in the study, which allowed to form the principles of anti-crisis strategy of financial security of countries with economies in transition. Results. The most important tasks of strategic anti-crisis management of financial security of the state on the way to its integration into the world economy are to ensure an effective integration of the financial component of the economy within the regional and global financial relations, to improve the efficiency of public administration and optimize the system of overcoming external and internal threats to financial security, conduct a policy of reasonable protectionism within the framework of generally accepted and effective procedures, as well as to maintain stability of the national currency and its moderate volatility, etc. Practical implications. The analysis of concepts and areas of improvement of financial security of the state allowed to formulate the principles of anti-crisis strategy of the financial security of countries with economies in transition and to develop practical recommendations for improving the process of financial security management in Ukraine. Value/originality. The use of systematic analysis allowed to formulate the principles of anti-crisis strategy of the financial security of countries with economies in transition in modern conditions.

Keywords: anti-crisis strategy; financial security of a country; countries with economies in transition; international financial relations (search for similar items in EconPapers)
JEL-codes: F36 H12 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bal:3seasj:2661-5150:2020:1:3:4

DOI: 10.30525/2661-5150/2020-3-4

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