Baltic Journal of Economic Studies (Mar 2019)
MACROECONOMIC RISKS: CLASSIFIED FEATURES, METHODS OF MEASUREMENT, MITIGATION PATTERNS
Abstract
The purpose of the article is to study the essence, factors, and ways for minimization of macroeconomic risks. The subject of the study is the macroeconomic risks. Research methodology. The research is based on the use of general scientific and special-scientific methods and techniques of scientific knowledge. The dialectical method was used for the determination of the basic causes of macroeconomic risks. The logic-semantic method was utilized for definition of the content of such concepts as “macroeconomic risk”, “collateral systems”, “oversight”. Methods of analysis and synthesis helped us to study individual mechanisms of macroeconomic risks for their prevention and minimization. The comparative legal method was used to compare doctrinal approaches to this issue. The same method was used during the study of the positive experience of European countries in relation to this issue. The system-structural method was utilized during the analysis of the most common macroeconomic models to minimize macroeconomic risks. With the help of the legal modelling method, some proposals for the prevention and minimization of macroeconomic risks were developed. Practical implication. The study of the essence of macroeconomic risks, as well as an analysis of the principles and methods of their evaluation, helped to formulate conclusions on prevention and minimization of macroeconomic risks in accordance with the requirements of the new time. Correlation/originality. The most important tools for preventing macroeconomic risks are considered. It was proved that the strategic factor in reducing the negative effects of macroeconomic risks is the “new economy” or “economy of knowledge”. The principle of civilized regulation of systemic risks is formulated. The most characteristic factors that provoke macroeconomic risks in the sphere of money laundering were identified.
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