Strengthening the requirements for bank capitalization as a challenge for the country's economy

Abstract

The issue of maintaining economic stability in the country is quite important and relevant at any time, and especially in the conditions of the global pandemic of COVID-19, war and other socio-political challenges. It is necessary to monitor various spheres of the state's life, identify weaknesses and develop appropriate crisis reform plans at this time. First, when developing state economic policy, it is necessary to take into account the influence of the following factors: the quantity and quality of natural and labor resources, the amount of the country's capital and the availability of technologies. The presence and effective combination of these factors will contribute to the country`s economic growth. It is worth analyzing in more detail the importance of the labor, capital and technological components of economic policy, which is especially relevant in the conditions of war. Despite the automation of many processes, people do the maintenance of information systems. Without sufficient labor resources, these processes cannot be efficient enough. Since the beginning of the war, more than 7.7 million people left, 2.559 million returned (UKRINFORM; Obidjon, Zakharkin, Zakharkina, 2017; Hoxhaj, Muharremi, Nushi, 2022). Among the migrants, specialists in the financial, banking, and service spheres constituted a significant share. In the first days of the war after February 24, 2022, 10th part of bank employees remained on the ground, and this especially applied to the operational centers located in Kyiv. This problem was also compounded by the mass withdrawal of cash, which destabilized the banking system. Thus, the economic policy of Ukraine was influenced by the labor factor and the capital factor, and then the technological factor.