European Cooperation (Jan 2018)
THE ESTIMATION OF FINANCIAL SECURITY LEVEL OF UKRAINE AND EU COUNTRIES
Abstract
The article is devoted to estimation the level of financial security of the state. The purpose of the study is to built a system of indicators for assessing the level of financial security of different countries and estimation the level of financial security in Ukraine and the countries of EU.Results of the critical review of the publications in this field helped to identify key indicators to measure the financial potential such as the ratio of the government budget balance to GDP, the ratio of government gross debt to GDP, rate of change of the official exchange rate local currency per US dollar, lending interest rate, interest rate spread, total reserves in months of imports, bank nonperforming loans to total gross loans and market capitalization of listed domestic companiesThe value of Ukraine's financial security indicators have been compared with the maximum, minimum and average values among the countries of the European Union. Additionally, the possibilities of using financial security indicators for assessing the financial potential of the country have been explored.
