Financial market during pandemic: a banking sector
Анотація
This article highlights the features of the financial market during pandemic, in particular, the state of the banking sector. After all, this component ensures the efficiency of mobilization, accumulation, distribution and movement of available financial resources in the overall economic system of the country. It is investigated that one of the important conditions for ensuring the effective operation of the financial market is comprehensive support of its financial stability. An assessment of the key factors impact on the level of risk in the financial sector was presented, which showed that corruption, activities of the law enforcement authorities and judiciary system were the main sources of risk for Ukraine’s financial sector in 2020. It was found that the country’s banking sector managed to maintain its stable position during 2020 on the basis of clear anti-crisis instruments timely implemented by the National Bank of Ukraine (NBU).
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