The state of the banking system of the Republic of Tajikistan as an element of economic security
Abstract. The article investigates the state of the banking system of the Republic of Tajikistan and the results of its functioning for the current period. The relevance of the research is determined by the theoretical and practical importance of the banking sector for ensuring the economic development as well as for forming an effective mechanism of economic security and state policy in the field of the national interests protection. Based on the analysis of statistical data on the availability level of banking services and the economic prosperity level of individual countries, a model of the interdependence of these indicators has been developed demonstrating a direct relationship between them. Based on the results obtained within the framework of the proposed model, an empirical coefficient is calculated that characterizes the interdependence of the analyzed indicators, and the availability level of banking services in the Republic of Tajikistan is determined. The analysis of the main indicators of the Tajikistan banking sector in comparison with similar indicators of the Russian Federation and individual countries of the Central Asian region is carried out. It is established that the level and effectiveness of Tajikistan banking system functioning is extremely low and the state policy in this area needs to be adjusted. Possible reasons for the lack of positive dynamics are identified and measures are proposed to develop the banking system of the Republic of Tajikistan to increase the level of its economic security.
Keywords: economic policy of the state, economic security, banking system, availability of banking services, economic prosperity, economic development, standard of living of the population, efficiency of banking activities
Highlights:
♦ the issue of the dependence of the economic prosperity level of the country on the availability level of banking services is considered;
♦ a comparative analysis of the state of the banking system in the Republic of Tajikistan with Russia and individual countries of the Central Asian region is carried out;
♦ the main development problems of the banking system of the Republic of Tajikistan are identified;
♦ measures are proposed for the development of the banking system of Tajikistan taking into account the requirements of the economic security policy.
Nadezhda Yu. Blinichkina - Tajik State University of Law, Business and Politics, Khujand, Republic of Tajikistan