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Financial Shocks: Genesis and Identification

Author

Listed:
  • Nataliia Versal

    (Taras Shevchenko National University of Kyiv, Department of Insurance, Banking and Risk Management
    Mendel University in Brno, Department of Management)

  • Andriy Stavytskyy

    (Taras Shevchenko National University of Kyiv, Department of Economic Cybernеtics
    Vilnius University, Department of Theoretical Economics)

  • Nataliia Prykaziuk

    (Taras Shevchenko National University of Kyiv, Department of Insurance, Banking and Risk Management)

Abstract

This chapter comprehensively examines financial shocks, exploring their origins and types. The features of financial shocks, including dramatic changes, occurrence due to pure chance, their uncontrollability, and the materialization of risk, are analyzed. Furthermore, the causes of financial shocks are investigated, including endogenous, exogenous, and psychological factors. The parameters and consequences of financial shocks are carefully examined to understand their impact on the economic landscape. A detailed classification of financial shocks is also provided, considering their origin, duration, intensity, dissemination, and contagion across financial markets, financial instrument parameters, and institutional levels. This chapter also explores the interdependence between demographic trends and macroeconomic indicators, using Ukraine as a case study. A modeling framework is proposed to assess how demographic decline, migration, and labor shortages impact key financial variables, including GDP, tax revenues, and budget expenditures.

Suggested Citation

  • Nataliia Versal & Andriy Stavytskyy & Nataliia Prykaziuk, 2026. "Financial Shocks: Genesis and Identification," Contributions to Economics,, Springer.
  • Handle: RePEc:spr:conchp:978-3-032-14636-6_2
    DOI: 10.1007/978-3-032-14636-6_2
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