Models for assessing the impact of interregional interaction effects on the level of the EU countries' financial security

DOI

10.2991/cssdre-18.2018.70How to use a DOI?

Keywords

financial security, macro-region, modeling, interregional interaction, multidimensional analysis, spatial econometrics, panel data

Abstract

In the conditions of increasing financial turbulence, permanently recurring crises, the problem of ensuring the macro-regions financial security is of particular importance. One of the directions of improving financial security systems is the development of a model basis for assessing, analyzing and forecasting the level of financial security, allowing early diagnosis of factors destabilizing the financial systems functioning and developing preventive strategies aimed at preventing financial crises and disasters. In the structure of such a model basis, models for assessing the impact of interregional interaction effects on the level of macro-regions financial security are highlighted. To build models, methods of factorial, canonical analysis, a taxonomic indicator of the level of development, methods of spatial econometrics, model of panel data were used. The models were built on the data of financial security indicators of the EU countries. The obtained results can be used by the financial stability departments to determine the most probable channels of infection by the crisis, to develop the adequate mechanisms for financial stabilization.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lidiya Guryanova
AU  - Elena Piskun
AU  - Stanislav Milevskiy
PY  - 2018/05
DA  - 2018/05
TI  - Models for assessing the impact of interregional interaction effects on the level of the EU countries' financial security
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 332
EP  - 336
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.70
DO  - 10.2991/cssdre-18.2018.70
ID  - Guryanova2018/05
ER  -