Universal Journal of Accounting and Finance Vol. 9(4), pp. 613 - 622
DOI: 10.13189/ujaf.2021.090409
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Improvement of Methodological Approaches to Determining Directions of Financial Security of Ukraine


Nataliia M. Ridei 1,*, Nataliia M. Tytova 2, Valentyna I. Tymoshenko 1, Volodymyr V. Moroz 3, Natalya V. Bibik 4
1 Department for Adult Education, National Pedagogical Drahomanov University, Kyiv, 01601, Ukraine
2 Department of Theory and Methodology of Vocational Training, National Pedagogical Drahomanov University, Kyiv, 01601, Ukraine
3 Department of Economic Policy and Governance, National Academy for Public Administration under the President of Ukraine, Kyiv, 03057, Ukraine
4 Department of Entrepreneurship and Business Administration, O.M. Beketov National University of Urban Economy in Kharkiv, Kharkiv, 61001, Ukraine

ABSTRACT

The article is devoted to the problems of improving methodological approaches to determining the directions of financial security of Ukraine in the modern conditions of globalization and the hidden of the financial sector of the economy. It has been found that people's interests and public institutions, which are not reflected in official regulatory documents and acts, often have a decisive impact on the economy. There were generalized studies of economists regarding the interpretation of the category "financial security". Under these interpretations, main components of the financial security of the state are identified. Relevance of this study in the analysis of the tense and unstable political and socio-economic situation in the country and development of theoretical, methodological, and practical proposals for improving methodological approaches in various areas of ensuring the financial security of Ukraine in the modern conditions of globalization of the economic sector. The author's definition of the category "financial security" in the context of research problems was provided. The theoretical and methodological content of the concept of financial security of Ukraine has been developed and it has been proved that the content of such a document should not be dogma, but should be constantly and systematically updated. A universal and effective institutional and legal mechanism has been established for the monetary policy of ensuring the financial security of the state, aimed at developing an effective system of public administration bodies with the involvement of central entities for the formation of financial security - territorial communities. An organizational and economic mechanism has been developed for a monetary policy to ensure the financial security of Ukraine, the key element of which is the implementation of strategic goals and directions for the development of this policy. Methodological approaches have been improved in the sectoral areas of financial security of Ukraine, namely, the banking system, financial and credit infrastructure; non-bank financial and credit organizational and legal institutions. It was concluded that the implementation of the presented theoretical and methodological measures will strengthen the financial security of Ukraine in various sectoral areas, reduce the level of hidden of the monetary sector, eliminate the threat of a decrease in the potential of the country's general financial system and introduce modern mechanisms for managing financial security at the macroeconomic and microeconomic levels.

KEYWORDS
Institutional and Legal Mechanism, Organizational and Economic Mechanism, Banking System, Monetary Policy, Concept

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Nataliia M. Ridei , Nataliia M. Tytova , Valentyna I. Tymoshenko , Volodymyr V. Moroz , Natalya V. Bibik , "Improvement of Methodological Approaches to Determining Directions of Financial Security of Ukraine," Universal Journal of Accounting and Finance, Vol. 9, No. 4, pp. 613 - 622, 2021. DOI: 10.13189/ujaf.2021.090409.

(b). APA Format:
Nataliia M. Ridei , Nataliia M. Tytova , Valentyna I. Tymoshenko , Volodymyr V. Moroz , Natalya V. Bibik (2021). Improvement of Methodological Approaches to Determining Directions of Financial Security of Ukraine. Universal Journal of Accounting and Finance, 9(4), 613 - 622. DOI: 10.13189/ujaf.2021.090409.