Methods of stabilization of the banking sector in the crisis of the COVID-19 pandemic
https://doi.org/10.34020/1993-4386-2023-2-64-68
Abstract
The COVID-19 pandemic broke out unexpectedly for everyone. Due to the accelerated pace of the introduction of restrictions on the movement of the population and the complication of the processes of making various kinds of transactions, all sectors of the economy were unable to accumulate their resources in time to stabilize the situation, which led to the destruction of the usual standards of organizations and the outbreak of a crisis in the economy. The article examines the main problems faced by the banking sector during the COVID-19 pandemic crisis and describes the main methods of crisis stabilization used by credit institutions. Despite the three-year period of time that has passed since the beginning of the pandemic, this topic does not lose its relevance due to the serious consequences for the economy, which continue to affect all its spheres to this day.
About the Authors
V. P. GadzhibekRussian Federation
Viktoriya P. Gadzhibek – Candidate of Economic Sciences, Associate Professor of the Department of Economics and Management.
Vladivostok
T. S. Svechnikova
Russian Federation
Tat'yana S. Svechnikova – Master's student.
Vladivostok
References
1. Godovoi otchet Banka Rossii za 2019 god [Annual Report of the Bank of Russia for 2019], Moscow: Izdatel': AO «AEI «PRAIM», 2020, 408 p. Available at: https://cbr.ru/Collection/Collection/File/27873/ar_2019.pdf
2. Ulanov A. N. Methods of stabilization of the world economy in times of crisis, Razvitie proektnogo podkhoda v upravlenii [Development of the project approach in management], Proceedings of the scientific conference, Lipetsk, April 29, 2020, Lipetsk: Lipetskii gosudarstvennyi pedagogicheskii universitet imeni P.P. Semenova-Tyan-Shanskogo, 2020, pp. 55-58. (In Russ.)
3. Kuznetsova V. V., Larina O. I. Evolution of the role of national central banks // Finansy: teoriya i praktika., 2022, Vol. 26, No. 2, pp. 62-73. DOI: 10.26794/25875671-2022-26-2-62-73. (In Russ.)
4. Godovoi otchet Banka Rossii za 2020 god [Annual Report of the Bank of Russia for 2020], Moscow: Izdatel': AO «AEI «PRAIM», 2021, 414 p. Available at: https://img-cdn.tinkoffjournal.ru/-/godovoi-otchet-banka-rossii-za-2020-god.pdf
5. Masyuk N. N., Kir'yanov A. E., Bushueva M. A. Training for the digital age, Instituty i mekhanizmy innovatsionnogo razvitiya: mirovoi opyt i rossiiskaya praktika [Institutes and mechanisms of innovative development: world experience and Russian practice], Collection of articles of the 10th International Scientific and Practical Conference dedicated to the 255th anniversary of the Free Economic Society of Russia: in 2 volumes, Kursk, December 10, 2020, Kursk: Zakrytoe aktsionernoe obshchestvo "Universitetskaya kniga", 2020, Vol. 2, pp. 21-28. (In Russ.)
6. Godovoi otchet Banka Rossii za 2021 god [Annual Report of the Bank of Russia for 2021], Moscow: Bank Rossii, 2022, 375 p. Available at: https://cbr.ru/Collection/Collection/File/40915/ar_2021.pdf
7. Burova A., Kozlovtseva I., Sinyakov A. Korporativnoe kreditovanie v period pandemii: rol' kreditnykh linii [Corporate lending during the pandemic: the role of Credit lines], Series of Reports on Economic Research, No. 110, December 2022, Moscow: Bank Rossii, 2022, 43 p. Available at: http://www.cbr.ru/StaticHtml/File/143893/wp_110.pdf
Review
For citations:
Gadzhibek V.P., Svechnikova T.S. Methods of stabilization of the banking sector in the crisis of the COVID-19 pandemic. Siberian Financial School. 2023;(2):64-68. (In Russ.) https://doi.org/10.34020/1993-4386-2023-2-64-68