MECHANISMS FOR ENSURING THE FINANCIAL STABILITY OF AGRARIAN BUSINESS ENTITIES BASED ON THE PRINCIPLES OF MACRO-PRUDENTIAL POLICY TO LIMIT SYSTEMIC RISKS
Abstract
A comprehensive analysis of the mechanisms for ensuring the financial stability of agribusiness entities was conducted using the macroprudential ap-proach as a modern paradigm for regulating systemic risks and protecting the agribusiness sector from unforeseen shocks and cyclical fluctuations. It was substantiated that macroprudential policy, as an element of state regulation to limit systemic risks, is capable of forming a stable environment in which agri-businesses can function regardless of the scale of external shocks. Particular attention was paid to liquidity risks, increased receivables, impaired capital turnover, and increased credit load. Approaches to the formation of mecha-nisms for ensuring the financial stability of agribusiness entities based on in-ternational regulatory practices were considered. The principles of applying a countercyclical capital buffer, indicators of systemic significance regarding risk concentration, and short-term liquidity management, which are of high im-portance for ensuring the financial stability of agribusiness entities, were ana-lyzed.
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