Institutional threats financial security Ukraine and ways of preventing

  • Zaharii Varnalii Taras Shevchenko National University of Kyiv
Keywords: financial security, threats, institutional threat, shadow economy, corruption, shadow paranoia, raiding, non-productive capital outflows

Abstract

This article explores the theoretical and practical aspects of financial security, reveals its essence. In particular, the financial security of the state is defined as the protection of state interests in the financial sector, or a level of fiscal, tax and monetary system that guarantees state's ability to effectively generate, store excessive depreciation and rational use of financial resources of the country to ensure its socio-economic development and servicing of financial obligations. Also, the content of threats to the financial security of Ukraine as a combination of actual or potential effects and possible factors that endanger the national interests in the financial sector. The paper identified key institutional deformation as a threat to ensure the financial security of Ukraine. The content and features of institutional threats to the financial security of Ukraine. It was established that the main forms of institutional threatening strains in the financial sector Ukraine at this stage are: the shadow economy, corruption, shadow paranoia, raiding and unproductive capital outflow. These forms of institutional threats are the largest in terms of socio-economic consequences and real threats to the financial security of Ukraine. Proved that dangerous and specific form of a multi-institutional deformation shadow economy in Ukraine is shadow paranoia, which negatively affects the financial security of Ukraine. It is proved that the shadow paranoia - a formation of macro-type state, which, due to the high levels of corruption and shadowing, public services and public benefits are distributed according to market principles, in this formation completely formed and operate effectively corrupt the markets of public services and public goods. Shadow paranoia markets include: administrative and economic decisions, government offices, personnel, public benefits, public education and science, state protection of rights and freedoms, the electoral system and others. The ways of preventing institutional challenges. In particular, proposed a series of effective measures for reducing the shadow economy, anti-corruption, antireyderskih and other institutional measures to prevent threats, which in turn will significantly contribute to the protection of national economic interests to ensure the financial security of Ukraine, strengthening its competitiveness and credibility among the international community. 

Downloads

Download data is not yet available.

References

1. Analitychna dopovid' do Shhorichnogo Poslannja Prezydenta Ukrai'ny do Verhovnoi' Rady Ukrai'ny «Pro vnutrishnje ta zovnishnje stanovyshhe Ukrai'ny v 2016 roci». – K. : NISD, 2016. – 688 s.

2. Baranovs'kyj O.I. Finansova bezpeka. – K. : Feniks, 1999. – 338 s.

3. Bogdan A. Korupcija, jak i kozhna serjozna hvoroba, boi't'sja zapobizhnyh zahodiv // Urjadovyj portal. Jedynyj veb-portal organiv vykonavchoi' vlady Ukrai'ny. : http://www.kmu.gov.ua/control/uk/publish/article?art_id= 243780983&cat_id=240273340

4. Burkal'ceva D.D. Instytucional'ne zabezpechennja ekonomichnoi' bezpeky Ukrai'ny. K. : Znannja Ukrai'ny, 2012. – 347 s.

5. Varnalij Z.S., Kovalenko K.V., Onyshhenko S.V., Savych I.V. Derzhavne bjudzhetuvannja v Ukrai'ni: sutnist' ta osnovni determinanty. – Kyi'v : Znannja Ukrai'ny, 2016. – 395 s.

6. Varnalij Z.S., Zhyvko Z.B. Detinizacija ekonomiky jak chynnyk rozvytku pidpryjemnyctva // Strategichni priorytety. – 2013. - № 4 (29). – S. 29-37.

7. Varnalij Z.S. Konkurencija i pidpryjemnyctvo : monografija. - K. : Znannja Ukrai'ny, 2015. – 463 s.

8. Ekonomichna bezpeka : navch. posib. / za red. Z.S. Varnalija. – K. : Znannja, 2009. – S. 526–552

9. Kirzhec'kyj Ju.I. Tin'ova ekonomika ta naprjamy i'i' podolannja v Ukrai'ni : monografija. – L'viv : Liga-Pres, 2013. – 170 s.

10. Onyshhenko S.V. Instytucijne zabezpechennja bjudzhetnoi' bezpeky Ukrai'ny // Visnyk Kyi'vs'kogo nacional'nogo universytetu imeni Tarasa Shevchenka. Ekonomika. – 2016. – vyp.5 (182). – S.31-39.

11. Prokopyk O.I. Shljahy detinizacii' ekonomiky Ukrai'ny ta i'i' osoblyvosti // Bankivs'ka sprava. – 2008. – № 2. – S. 56–66.

12. Savych I.V. Detinizacija ekonomiky v zabezpechenni bjudzhetnogo zrostannja Ukrai'ny. – Avtoref. dys. na zdobuttja nauk. stupenja kand. ekonom. Nauk. Special'nist' 08.00.08 – groshi, finansy i kredyt. – K., 2016. – 20 s.

13. Savchuk O. Priorytetni naprjamy vdoskonalennja fiskal'noi' polityky Ukrai'ny : http://naub.oa.edu.ua

14. Shpytchuk R.M. Ekonomichni naslidky tinizacii' ekonomichnoi' systemy // Ekonomika. Finansy. Pravo. – 2009. – № 1. – S. 3–6.

15. Global Corruption Barometer 2013 : http://www.transparency.org/gcb2013/report.

Author Biography

Zaharii Varnalii, Taras Shevchenko National University of Kyiv

Zaharii Varnalii, Doctor of Economic Sceinces, Professor, Professor Department of the Finance

Published
2017-05-18
How to Cite
Varnalii, Z. (2017). Institutional threats financial security Ukraine and ways of preventing. University Economic Bulletin, (34/1), 140-150. Retrieved from https://economic-bulletin.com/index.php/journal/article/view/154
Section
Еconomic Theory