MECHANISMS FOR ENSURING FINANCIAL STABILITY OF UKRAINE AMID GLOBAL AND NATIONAL ECONOMIC TURBULENCE

Abstract

Under conditions of war, global transformational challenges and changes, ensuring financial stability by increasing financial resilience is one of the priorities and at the same time difficult tasks for the government. Given this, amid economic turbulence and growing instability, the government must make every effort to harmonize the components of economic policy, prevent the increase in risks and threats, as well as reducing the impact of destabilizing factors. Economic turbulence and the instability caused by it do not arise out of nowhere, they are a process, the result of actions or an irreversible consequence of the interaction or pressure of a certain combination of factors. Instability prompts a rethinking of the role of existing instruments and calls for the increase in the effectiveness of risk management.

The author's definition of the term "financial system instability" is formulated, the main external and internal factors of instability risk that affect the stability of the financial system are systematized. The systematization and classification of these factors make it possible to better understand the nature of instability and, on this basis, develop new mechanisms, modern theoretical and methodological tools to prevent the impact of instability on the country's financial system, and achieve stable long-term macroeconomic equilibrium.

The author notes positive and negative role of digitalization and the use of artificial intelligence systems in the development of the financial market and the spread of cybercrime incidents, including from "third parties", as well as hackers from the aggressor country.

Ukraine, like the whole world, stands on the threshold of global political and socio-economic transformations. As a result, economic turbulence and the instability and shocks caused by it will last for a long time, so it is advisable to continue scientific research in this area, identify new challenges and risk factors, expand the theoretical and methodological base, create new knowledge, develop and improve methods for ensuring economic equilibrium to increase the resilience of the financial system.