1st Edition

Financial Stability, Risks, and Ecological Transition Addressing Economic Challenges Under Global Uncertainty

Edited By Lyubov Klapkiv, Faruk Ülgen Copyright 2026
202 Pages 34 B/W Illustrations
by Routledge

202 Pages 34 B/W Illustrations
by Routledge

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... Read more

Lists of figures and tables

List of contributors

Introduction. Growing Challenges Under Global Uncertainty

Lyubov Klapkiv, Faruk Ülgen

1. Financial stability and green transition

Faruk Ülgen

2. Central Bank Digital Currencies 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. Financialisation 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

Biography

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.