STABILIZATION OF FINANCIAL RELATIONS AS THE BASIS FOR NATIONAL ECONOMIC SECURITY

Abstract

The stability of financial relations is one of the conditions for sustainable economic development and creation of conditions for the growth of material production, non-production sphere development and increase of employment, improving social and economic conditions of the population. The need to develop practical recommendations for improving the efficiency of existing financial relations in Ukraine and their coordination with the processes that occur in the real sector of the economy determine the relevance of the study.Purpose of the article is determining the basic principles and refinement of indicators to measure the stability of financial relations and, on this basis, assessment of the stability of financial relations in Ukraine.The study is focused on the formation of practical recommendations to improve the effectiveness of existing financial relations in Ukraine, and their coordination with the processes that occur in the real sector of the economy. It has been proved that the stabilization of financial relations is formulated as the process of achieving the state of balance and equilibrium in financial resources market at high (enough) level of demand and supply. Methodological, theoretical, normative and generalized approaches to determining the stability of financial relations have been outlined. Evaluation of factors influencing the stability of financial relations has been made at the stage of actual GDP formation (as the basis of financial relations), the formation of primary incomes and formation of gross disposable income of institutional sectors relative to GDP. Potential risks of destabilizing financial relations in Ukraine have been identified. System parameters of early warning of instability based on the definition of key macro shocks to the stability of financial relations has been outlined.One of the biggest factors promoting economic development is the stabilization of financial relations — a set of parameters, factors and measures to achieve an optimal equilibrium in financial resources. Further research will study ways to stabilize financial relations in Ukraine.