FINANCIAL STABILITY, WAYS TO ENSURE IT AND ITS SIGNIFICANCE

As anyone who has tried to define financial stability knows, there is still no universally accepted model or analytical framework for assessing financial system stability and studying policy, like economic systems and other disciplines. The reason for this is the analysis of financial stability. Compared to, for example, monetary or macroeconomic stability analysis, sustainability is still at a nascent stage of development and practice. In the rare cases where financial systems are rigorously represented, they form one or two equations in a much larger macroeconomic model with typical macroequilibrium and macrostability conditions. In this article, we will discuss several aspects of financial stability and its maintenance.