The Role of Monetary Policy in Ensuring the Country’s Economic Security
DOI:
https://doi.org/10.35774/visnyk2026.01.031Keywords:
economic security, monetary policy, interest rate, credit, inflation, central bank, exchange rate, banking systemAbstract
The article provides a theoretical justification for the mechanism for ensuring the country’s economic security, clarify the main problems of monetary influence on the economy in the context of security issues, and determine the directions of optimizing monetary policy in terms of the compliance of its instruments with the strategic goals of the state. Methods of a systematic approach and data synthesis were applied to assess the impact of monetary policy on economic security. General scientific and empirical tools of economic science, methods of analysis and synthesis, comparison, summary and grouping were used. The role of monetary policy in countering the main internal and external threats to economic security is formulated. The mechanism of influence of the main instruments of monetary policy on economic security is determined. The need for monetary policy to go beyond the classical objectives of price stability and the need to take into account a wider range of challenges to economic security, including: supporting economic growth, financial, debt and currency stability, as well as invulnerability to external shocks, is substantiated. The main problems associated with the choice of monetary regime in Ukraine, which negatively affects the state of economic security, are identified, and directions for their solution are formulated. Prospects for further research are related to the analysis of monetary policy under martial law, the assessment of its impact on the stability of the financial system, and the development of institutional foundations for strengthening the country’s economic security.
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