FINANCIAL STABILITY AS A NECESSARY BUT INSUFFICIENT CONDITION FOR ECONOMIC SECURITY

Abstract

The article explores the conceptual relationship between financial stability and economic security, emphasizing their analytical distinction and functional asymmetry. Financial stability is examined as a condition primarily associated with the resilience of financial systems, liquidity, and risk containment, while economic security is interpreted as a broader socio-economic category encompassing structural capacity, institutional robustness, and social sustainability. The study argues that although financial stability supports economic security by mitigating acute systemic shocks, it cannot be regarded as its sufficient proxy. Situations in which stable financial indicators coexist with structural decline and institutional vulnerability are highlighted as critical analytical challenges. The paper substantiates the need for integrated frameworks that distinguish between these concepts while addressing their intersections in economic analysis and policy design.