Open AccessCONCEPT OF FINANCIAL STABILITY IN THE RUSSIAN FEDERATION AND FOREIGN COUNTRIES: LEGAL ASPECT
Author(s) -
Наталья Поветкина,
Natalya Povetkina,
Семен Янкевич,
Semen Yankevich
Publication year - 2015
Publication title -
žurnal zarubežnogo zakonodatelʹstva i sravnitelʹnogo pravovedeniâ
Language(s) - English
Resource type - Journals
eISSN - 2587-9995
pISSN - 1991-3222
DOI - 10.12737/14309
Subject(s) - legislation , commission , treaty , czech , political science , russian federation , european union , financial stability , business , international trade , economic policy , finance , law , financial system , philosophy , linguistics
This article is the research of the legal nature of the concept of “financial stability” with respect to the financial (public) relations. The paper comprises analyzes of the legal regulation of the concept at the international level — in the program documents of the United Nations and at the supranational level — in the treaties of the Member States of the European Union, the treaty of the Member States of the Eurasian Economic Union and the decisions of the Eurasian Economic Commission. The article presents a description of the concept of “financial stability”, provided for in the legislation of Great Britain, the USA, Germany, Poland, the Czech Republic and Sweden. The authors note that the concept of “financial stability” in the legislation of foreign countries has universal meaning: absence of instability of the financial system of the country, measures to prevent financial crises and minimization of their negative effects.