id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
eistud-26318	Bogdanova, Olga; Arefjevs, Ilja	International Finance Trilemma as a Tool for Balanced Development of an Economy	2020	12	.pdf	application/pdf	6053	268	38	FINANCIAL TRILEMMA Financial stability Financial inclusionTransparency External disruption Country context Figure 1 Genral concept of Financial trilemma (authors) Financial stability can be defined as “a condition where the financial system – comprising fi- nancial intermediaries, markets and market infrastructure, is capable of withstanding shocks and the unravelling of financial imbalances, thereby mitigating the likelihood of disruptions in the financial intermediation process which are severe enough to significantly impair the allocation of savings to profitable investment opportunities” (European Central Bank, 2019). Financial trilemma index is expressed by the following equation: FTI = 0,3 *	cache/eistud-26318.pdf	txt/eistud-26318.txt