The role of the financial system in ensuring the economic security of the state: an assessment in the Eurozone and Slovakia

Abstract

The financial system is one of the factors that ensuring the economic security of the state. The transformation of geopolitical processes and military actions in Ukraine have had a negative impact on economic security in the Eurozone and Slovakia. The purpose of the study is to analyze the macroeconomic situation in the Eurozone and Slovakia. The study based on assessment of the inflation rate, financial indicators of the state, lending by commercial banks and interest rates. The method of lending risk assessment is described. Based on the results of the study, the paper shows the dependence between the economic security of the state and its financial system, the need to use monetary policy and a flexible model of credit risk management.