BEZPIECZEŃSTWO FINANSOWE JAKO FUNKCJA PAŃSTWA NA PRZYKŁADZIE ZAGROŻENIA COVID-19
FINANCIAL SECURITY AS A FUNCTION OF THE STATE ON THE EXAMPLE OF THE COVID-19 THREAT

Summary/Abstract: The issue of state security is especially relevant today, in the era of progressive globalization,corporatism, financialisaton, computerization, the COVID-19 pandemic, etc. Maintaining thebroadly understood security is a function of the state. Financial security is a component of thenational security. Maintaining security is a condition for building economic growth and is aparticular challenge in the case of small open economies, for which crisis-causing phenomenaare mostly exogenous. The COVID-19 pandemic was the main impetus for the materializationof risks that had an impact on the global economy. It should be emphasized that usually a changein the business cycle, and even the outbreak of a crisis, is unexpected, and its nature is difficultto predict, hence the ongoing discussion on how to regulate the economy to make it crisis-resistant.There is no universal method of building economic resilience to the crisis, but this articleattempts to indicate financial and non-financial factors that have a positive impact on buildingthe counter-cyclical financial security of a small open economy.

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