This equation describes the law of firm demand for money and its accepted
supply. It describes together with equation
U (t) =
))
(
),
(
)),
(
),
(
,
(
,
(
t
l
t
z
t
l
t
z
t
t
D
E
-
))
(
),
(
)),
(
),
(
,
(
,
(
t
l
t
z
t
l
t
z
t
t
S
= 0 (3.3.2)
the dynamic process, which achieves the limited values in case of stability.
While implementing the equality (3.3.2), internal potential of financial
destabilization equals zero U (t) = 0 and financial policy
))
(
),
(
,
(
)
(
t
l
t
z
t
t
=
does not
require to be changed. It corresponds to the regime of financial equilibrium of a firm
in the situation of the absence of exogenous shocks.
In general, when the possibility of exogenous shocks exists, the optimal financial
regime of firm functioning, that is financial equilibrium of a firm, is a situation, when
the general potential of financial destabilization of a firm is equal to zero:
)
(
)
(
)
(
)
(
t
E
t
Z
t
U
t
F
−
+
=
=
= [
))
(
),
(
)),
(
),
(
,
(
,
(
t
l
t
z
t
l
t
z
t
t
D
E
-
))
(
),
(
)),
(
),
(
,
(
,
(
t
l
t
z
t
l
t
z
t
t
S
]
)
(
)
(
t
E
t
Z
−
+
= 0
The optimal vector of financial policy of a firm
))
(
),
(
,
(
*
t
l
t
z
t
is a vector that
provides equality of the general potential of financial destabilization to zero that is
financial equilibrium. We will name such vector as the equilibrium vector of financial
policy of a firm:
[
))
(
),
(
)),
(
),
(
,
(
,
(
*
t
l
t
z
t
l
t
z
t
t
D
E
-
))
(
),
(
)),
(
),
(
,
(
,
(
*
t
l
t
z
t
l
t
z
t
t
S
] +Z(t)-E(t) = 0,
]
;
0
[T
t
On the base of this methodological approach we can give the definition of
financial equilibrium for any economic system:
the financial equilibrium of the economic system is the financial regime of its
functioning at which the general potential of financial destabilization of this system is
equal to zero.
If equilibrium has not been set, and there are gradients of the general potential of
financial destabilization in the system, the financial regime of system functioning is no
equilibrium.
The process of financial relaxation of the economic system is the process of its
transition from the disequilibrium regime into the regime of financial equilibrium. The
period of financial relaxation is a period of time when this process of financial
relaxation happens.
The process, in which the general potential of financial destabilization passes
through the zero levels, is the sequence of states of financial equilibrium. Such process
goes in the economic system with speed, considerably less than speed of relaxation and
it is equilibrium process. The theoretical model of this process can be an effective
analytical instrument for the research of problems of the equilibrium financial growth.
The theoretical and practical value of the entered definition of financial
equilibrium of economic system is of that it allows to research of regularities of
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