Year: 2024 | Month: February | Volume 69 | Issue 1Special

Financial Stability during the Post-crisis Period: Strategies for Recovery and Support of Economic Development

Hanna Zavadskykh Oleksandr Fradynskyi Vadym Puhalskyi Artem Didukhovych and Yaroslava Popliuiko
DOI:10.46852/0424-2513.1.2024.26

Abstract:

The article addresses the issue of ensuring financial stability after the end of military conflicts and the country’s recovery from the crisis. It is noted that economic and infrastructure recovery is a critical task in such circumstances. The paper provides a detailed analysis of the research methodology, which is based on the analysis of open data, systematization, and system-structural analysis. Based on these methods, the authors studied the damage caused by the war to the infrastructure. They also proposed priority strategies for the recovery of Ukraine’s economy and summarized the experiences of other countries that have faced similar challenges. One of the main areas for restoring financial stability in the post-crisis period is to stabilize and ensure the sustainable development of industrial production. Essential recovery areas include attracting foreign financing, economic reforms, and facilitating the recovery of private businesses. When looking at strategies to support economic development, it is necessary to consider both internal and external factors. These include cooperation with international financial institutions and partners, as well as attracting investments to implement strategic projects. It is only possible to ensure sustainable social and economic progress in the post-crisis period by implementing socio-economic reforms. The financial system consists of various elements, such as financial institutions, infrastructure institutions, and various financial markets. Such a system must function in a stable and efficient way. The article has practical value as a recommendation paper. It combines theoretical and practical experience in economic recovery after the crisis. The application of innovative approaches, such as digitalization and low-carbon production, is seen as a key element of a recovery strategy. It is aimed at supporting economic development in the post-crisis period. A resilient financial system minimizes the negative impact of global economic difficulties on Ukraine. It also makes its economy more capable of seizing new opportunities and opens the way for dynamic development. The interaction of all elements of the financial system determines the assurance of financial stability. This, in turn, reflects global and internal factors caused by globalization.

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