№
Economic
system
The general potential of
financial destabilization for
corresponding economic system
Variables
7.
Consumer
markets
=
)
(
)
(
)
(
7
7
7
t
F
t
t
F
i
i
)
(
)
(
)
(
)
(
7
t
E
t
Z
t
U
t
F
M
i
M
i
M
i
i
−
+
=
)
(
)
(
)
(
t
S
t
D
t
U
i
i
i
M
−
=
)
(
7
t
i
- weight of i consumer goods market in
forming inflationary processes;
F
i7
- general potential of financial
destabilization of j commodity market,
U
M
i
– internal potential of financial
destabilization of i commodity market;
)
(t
Z
i
M
- destabilization of I commodity
market in consequences of exogenous shocks,
)
(t
E
i
M
- compensation of financial
destabilization in consequences of external
stabilization processes.
8. Financial
markets
=
=
m
i
i
i
t
F
t
t
F
1
8
8
8
)
(
)
(
)
(
)
(
)
(
)
(
)
(
8
t
E
t
Z
t
U
t
F
FM
i
FM
i
FM
i
i
−
+
=
)
(
)
(
)
(
t
S
t
D
t
U
i
i
i
FM
−
=
)
(
8
t
i
- weight of i financial market in
forming financial stability of economy;
F
i8
- general potential of financial
destabilization of j commodity market,
U
FM
i
– internal potential of financial
destabilization of i financial market;
)
(t
Z
i
FM
- destabilization of i financial market
in consequences of exogenous shocks,
)
(t
E
i
FM
- compensation of financial
destabilization in consequences of external
stabilization processes.
The general potential of financial destabilization of economy at the moment of
time t is a vector
)
(t
F
the components of which are magnitudes of the general potentials
of financial destabilization of key subsystems of the economy:
))
(
),
(
),
(
),
(
),
(
),
(
),
(
),
(
(
)
(
8
7
6
5
4
3
2
1
t
F
t
F
t
F
t
F
t
F
t
F
t
F
t
F
t
F
=
.
This definition allows giving system universal definition of financial equilibrium
of the economy, which provides deep understanding the essence of financial
equilibrium and using this definition as a system analytical instrument for research of
problems of financial stability and instability in economy.
The regime of financial equilibrium of economy is a financial regime of its
functioning, when the vector of general potential of financial destabilization of
economy is equal to zero:
0
)
(
=
t
F
CONCLUSION
The developed conceptual basis allows giving unified systemic definition of
financial stability of economy: financial stability of the economy is a such financial
regime of economy functioning, that at least one of the two conditions is met:
- 238 -