FINANCIAL STABILITY CONCEPT

Abstract

This article deals with a relatively new concept of the economics, i.e. financial stability. The essence of the financial stability concept, academic and practical definitions of financial stability, relationships between financial stability and other notions of the theory of finance (financial crisis, financial fragility, financial soundness, etc.) are considered. The author argues convincingly that there is a need for promoting scientific debate about financial stability problems in the Republic of Sakha (Yakutia) in order to develop a methodology of financial stability assessment.