About the Book
The evolution of capitalist economies through waves of liberalization of markets over the last five decades led to structural changes and greater systemic risks.
This book presents economic research into the roots and remedies of these risks, particularly exploring the key issues of financial stability and the financing of economic activities, on the one hand, and the necessary economic and ecological transition to a more sustainable world, on the other hand. Against a backdrop of these growing global risks - whether economic and financial, ecological or geopolitical - the continuity of financing for innovative activities, transition operations, or investments in regions or countries weakened by conflict is essential to enable economies to generate sustainable wealth to improve living conditions for citizens. Therefore, the contributors to this book explore issues of financial stability in relation to financial regulation, macroprudential policies, the use of digital currencies by central banks, mechanisms for hedging markets against risk and the perception of risk by market players, bank resolution mechanisms, and the role of the insurance sector in a financialized economy. In parallel with this, this book also explores the different ways in which green transition processes can be financed. The role of industrial and fiscal policies in stabilizing markets and encouraging economic activities that would enable sustainable and stable economic development and support the ecological transition in the long term is also highlighted.
This book will be of great interested to readers of green economy and transition, money, finance and banking, and economic and public policy.
Table of Contents:
Introduction. Growing Challenges Under Global Uncertainty, Lyubov Klapkiv, Faruk Ülgen, 1. Financial stability and green transition, Faruk Ülgen, 2. Central Bank Digital Currencies (CBDCS) and financial stability, Alain Laurent, 3. Use of a bridge institution in the bank resolution: the case of Silicon Valley Bank and Signature Bank, Marcin Liberadzki, 4. Innovative macroprudential policy for financial stability, Marina Sakovich, 5. Economic barriers to green transition, Inga Kononovich, 6. Models of financing energy transition: differences and results, Andrea Almawi, 7. Greenium analysis on the supranational twin bond market, Ewa Dziwok, 8. Climate risks, parametric insurance and weather derivatives, Maksym Shylov, 9. Hybrid capital instruments against risks, Kamil Liberadzki, 10. Entrepreneurs' financial risk perception under the conditions of geopolitical instability, Lyubov Klapkiv, 11. Challenges in financing microenterprises in an unstable economic landscape, Ilona Skibińska-Fabrowska, 12. Financialization and the role of the insurance market in the economy, Marietta Janowicz-Lomott, Krzysztof Łyskawa, 13. Technology foresight and industrial strategy toward a green and digital future, Marek Dziura, Andrzej Jaki, Tomasz Rojek, 14. Environmental tax policy and R&D innovation networks, Pascal Billand, Christophe Bravard, Kenneth Ky, Sudipta Sarangi, Index.
About the Author :
Lyubov Klapkiv (PhD) is an Assistant Professor at the University Maria Curie-Skłodowska in Lublin (Institute of Economics and Finance) and a Visiting Professor at the University Grenoble Alpes (2022-2024). She received her PhD degree in Finance from the Kyiv National University of Trade and Economics (Ukraine). She is a graduate of the Line Kirkland Scholarship program 2015/2016. Her main research fields include the economics of insurance, sustainable finance, and financial innovations.
Faruk Ülgen is a Professor of Economics, Head of International Relations and Bachelor Distance Learning Programs within the Department of Economics at the Université Grenoble Alpes, France. He also serves as a Codirector of the Center of Research in Economics of Grenoble (CREG). His current research focuses on the evolution of financial markets and innovations and the evolution of financial regulation and supervision from an institutionalist-evolutionary perspective, drawing on collective action and the economics of the commons.
