Modern attributes of the Republic of Armenia financial system stability

Abstract

The financial and economic crisis in global and regional economies over the past decade has shown that, in parallel with the price stability goal, central banks should focus on financial sustainability in macroeconomic stability assurance process. In order to ensure financial stability, the Central Bank of Armenia implements a macro-prudential policy, which implies the use of appropriate tools. The use of tools is aimed at minimizing systemic risks, or in other words, minimizing risks that hinder the normal functioning of the entire financial system. In the article are discussed the main indicators characterizing the stability of the financial system of RA and based on recent studies and analyzes made in 2005-2017, prove that the Central Bank’s financial risks are within the scope of governance, maintaining the stability of the financial system.