Author:
A. A. Korableva,
Candidate of Economic Sciences, Head of the Sector for Regional Development Research Methods, Omsk Scientific Center of the Siberian Branch of the Russian Academy of Sciences,
15 Karl Marx Ave., Omsk, 644024, Russian Federation
Associate Professor, Omsk State Technical University,
11 Mira Ave., Omsk, 644050, Russian Federation
ORCID ID: https://orcid.org/0000-0003-4453-9748
Scopus Author ID: 57199327604
e-mail: aakorableva@bk.ru
V. V. Karpov
Doctor of Economic Sciences, Professor, Chairman of the Omsk Scientific Center of the Siberian Branch of the Russian Academy of Sciences,
15 Karl Marx ave., Omsk, 644024, Russian Federation
ORCID ID: https://orcid.org/0000-0002-1472-4873
Scopus Author ID: 57199325170
e-mail: vvkarpov@oscsbras.ru
Abstract:
Introduction. According to the National Security Strategy and the Strategy of Economic Security of Russia for the period until 2030, the financial system is one of the most important factors of regional socio-economic de-velopment and ensuring the economic security of territories. To determine the directions and methods of financial system development, it is necessary to systematically assess its condition. The purpose of the article is to assess the state of the region financial system on the Omsk region example. The first hypothesis of the article is that the state of the regional financial system can be assessed using indicators of the economic security of the region. According to the second hypothesis, it is necessary to strengthen the financial system of the Omsk region.
Methodology. The study uses a methodology for assessing the economic security of a region based on the methods of grouping, trend analysis, comparing the actual values of indicators with their threshold values.
Results. Elements of the regional financial system are highlighted in the article. They include the budg-et, credit and banking, monetary and inflation, investment, corporate and household finances. On the basis of this grouping, indicators for assessing the state of the regional financial system, their threshold values and methods for conducting an assessment have been proposed. Testing of the proposed methodology based on data for the Omsk region for the period 2014-2017 has been carried out. Negative trends and elements of the financial system of the Omsk region being in a crisis zone have been identified.
Conclusions. The methodology for assessing the economic security of a region can be applied to the task. This not only allows you to see the trends of its development or stagnation. A comparison of the actual statistical values of the indicators with their threshold values provides more accurate information about the level of this de-velopment and signals the onset of a crisis state. Such information is necessary for the development and implemen-tation of measures to improve the situation, both from the regional authorities represented by the Ministry of Fi-nance, the Ministry of Economy, and from the banking and corporate sectors. The study revealed that among the weaknesses of the financial system of the Omsk region are the volume of investment in the economy, the level of income of the population and the volume of lending to business entities. Therefore, the regional authorities in the Omsk region should increase the investment attractiveness of the region and the financial literacy of the population, open new jobs for the growth of incomes of citizens. The banking system requires the development of new credit conditions that are attractive to business entities of the real sector of the economy.
Keywords:
Financial system, region, indicator, economic security, Omsk region.
