IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-032-14636-6_7.html

Covid-19’s Impact on Financial Stability

Author

Listed:
  • Andrii Kaminskyi

    (Taras Shevchenko National University of Kyiv, Department of Economic Cybernetics)

  • Mariia Balytska

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

  • Ondřej Pavelek

    (Mendel University in Brno, Department of Law and Social Sciences)

  • Ihor Honchar

    (Taras Shevchenko National University of Kyiv, Department of Statistics, Information and Analytical Systems and Demography)

Abstract

The COVID-19 pandemic became the most disruptive global shock to financial stability. Unlike traditional financial crises driven by credit or asset bubbles, the pandemic originated outside the financial system but rapidly spread through macroeconomic channels, supply chain disruptions, and behavioral responses. Governments and central banks responded with historically large policy interventions and coordinated international actions. These measures helped to stabilize markets, prevent a systemic collapse, and support credit flows to households and firms. However, they also generated side effects, including increased moral hazard, asset price inflation, and higher public and private debt burdens. At the same time, the crisis accelerated the rise of environmental, social, and governance (ESG) investing, as firms with stronger ESG performance proved more resilient, attracted additional investor capital, and often outperformed their peers across many markets.

Suggested Citation

  • Andrii Kaminskyi & Mariia Balytska & Ondřej Pavelek & Ihor Honchar, 2026. "Covid-19’s Impact on Financial Stability," Contributions to Economics,, Springer.
    • Handle: RePEc:spr:conchp:978-3-032-14636-6_7
    DOI: 10.1007/978-3-032-14636-6_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-032-14636-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.