However, issues of generalization of existing approaches to the determination of indicators and principles of financial stability and choice of the optimal method for analyzing the situation in the financial sphere for the purpose of avoiding financial crises and ensuring national security remain disputable and unresolved. The problems of studying the indicators of financial stability were considered in the works of such domestic and foreign scientists (Bordo & Mccauley, 2017 Fleming & Sarkar, 2014 Jones, n.d.

All this predetermines the need to study the current trends and patterns of the functioning of the banking system, the scientific justification and the development of methodological bases for implementing the enhancement of financial stability in the banking system in Iraq in modern conditions.įundamentals of the financial theory of the stability of the banking systemĪlthough the term “financial stability” appeared in the 90s of the last centuries, there is still no unambiguous definition, which leads to significant disagreements in its interpretation, as well as the definition and development of concrete statistical indicators that characterize the state and ensure financial stability. In this regard, the level of financial stability of the banking system is extremely low, which further exacerbates the negative situation in the financial and economic spheres. Such states include Iraq, where the banking sector is characterized as the most undeveloped in the Middle East of North Africa (for example, according to statistics, more than 80% of the population do not have a bank account (Asia, n.d.). Accordingly, the main task of countries with so-called newly created markets is to minimize the degree of vulnerability from external shocks and from the changing positions of foreign investors, who send large flows of capital to these countries. This risk manifests itself in the initial period of financial liberalization in developing countries. The economic systems of countries with the least economic development and developing countries are extremely vulnerable to the impact of globalization factors, which increases the risk of financial instability in these countries. Especially relevant these issues are considered for countries with a low level of socio-economic development, the banking system of which is not strong enough (Report, 2016). The financial and economic crisis of 2008-2009 has very sharply put the problem of maintaining the financial stability of the banking system of any country and the methods and methods of its provision. A decisive role in ensuring macroeconomic and microfinance stability belongs to the banking system and its institutions that ensure financial and economic equilibrium and sustainable economic development (Lee & Hsieh, 2014). One of the main tasks of financial science is the rapid and timely development of new activities, models for the development of all elements of the financial sphere to solve specific, situational problems, as well as the statistical justification of preventive measures to prevent or significantly mitigate the various negative factors that periodically lead the financial sector to shocks and cataclysms. Palabras clave: indicadores, sistema financiero, liquidez, activos bancarios, capital, crisis, desequilibrio.

Las recomendaciones están formuladas para garantizar la estabilidad financiera del sistema bancario de Irak. El análisis de correlación y regresión de los indicadores estadísticos del sistema bancario de Irak demostró la presencia de tendencias negativas y un bajo nivel de estabilidad financiera. El estudio de los fundamentos teóricos de la estabilidad financiera permitió concretar los principios de estabilidad financiera para los estados con un bajo nivel de desarrollo socioeconómico, en particular, Irak. Keywords: indicators, financial system, liquidity, bank assets, capital, crisis, imbalance.Įl propósito del artículo es la fundamentación científica de las perspectivas de realización del aumento de la estabilidad financiera del sistema bancario de Iraq en las condiciones modernas. Recommendations are formulated to ensure the financial stability of the banking system of Iraq. Correlation and regression analysis of statistical indicators of the banking system of Iraq demonstrated the presence of negative trends and a low level of financial stability. The study of the theoretical foundations of financial stability made it possible to concretize the principles of financial stability for states with a low level of socioeconomic development, in particular, Iraq.

The purpose of the article is the scientific substantiation of the perspective directions of realization of the increase of financial stability of the banking system of Iraq in the modern conditions.

Banking system indicators