Multidisciplinary Journal of Science and Technology

FINANCIAL SECURITY AS REFLECTED BY THE DYNAMICS OF BANKING SYSTEM INDICATORS

Borys Samorodov

Department of Banking and Financial Technologies, V. N. Karazin Kharkiv National University, Ukraine

Iryna Pyvavar

Department of Public Administration and Economic Policy, Simon Kuznets Kharkiv National University of Economics, Ukraine

Lyashenko Vyacheslav

Department of Media Systems and Technology, Kharkiv National University of Radio Electronics, Ukraine

Keywords: Dynamics, Indicators, Banking system, Financial security, Flow approach, Wavelet coherence

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Abstract

The financial sector of the economy plays an important role in the development of sustainable economic relations. Financial resources are the basis for the functioning of various business entities, ensuring the continuity of their activities. Based on this, the work examines the key aspects of assessing financial security as a generalized concept of the ability to resist negative phenomena in the financial sector. Banking activity, which plays an important role in economic processes both throughout the country and in individual sectors of the economy and business entities, was chosen as the object of study. At the same time, we take into account the flow approach to account for and reflect the dynamics of the banking system. For this purpose, we use wavelet coherence estimates. The work provides such estimates for specific operating conditions of banking systems. This will allow you to better understand the logic of the study and the results obtained.

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