Search

The research objective is defined as the identification and confirmation of empirical relationships between shadow banking activities and economic development in developing and transitional economies to establish a theoretical basis for minimizing potential risks associated with shadow banking. The methodological design is based on a quantitative approach, implemented through correlation-regression analysis and ARIMA forecasting methods. The research findings confirm Hypothesis 1: China's shadow banking is closely interconnected with the country's economic development. However, Hypothesis 2 (the reduction of shadow banking in China contributes to per capita GDP growth) is only supported for specific structural elements of shadow banking that contribute to economic overheating. In contrast, for other structural elements, such as entrusted loans, a strong direct correlation exists, promoting a positive impact of shadow banking on the country's economic development. This highlights the need for a highly balanced state policy to minimize shadow banking risks. The research results can be valuable for professionals in public administration and academic researchers, particularly in terms of shaping future research directions. [ABSTRACT FROM AUTHOR]

The pandemic has exposed the Russian economy's weaknesses, particularly its insurance industry. In the study, the following qualitative data were utilized: an analysis of the impact of the COVID-19 pandemic on the insurance market in various countries, an assessment of the economic impact of the pandemic on the insurance sector, an examination of trends in the global insurance market, and an evaluation of the effectiveness of insurance companies across different nations. Quantitative data were employed, including the volume of insurance premiums in various countries, the number of insurance contracts, the amount of insurance compensation, the number of COVID-19 cases per 100,000 population, the Consumer Price Index (CPI), the Producer Price Index (PPI), and the Gross Domestic Product (GDP). The pandemic impact system was reproduced and built on the example of such countries as Russia, the USA, Canada, Australia, Japan, and many others. It has been proven that the development trend of this industry under the pandemic influence is an economic downturn with a decline in profits but an increase in requirements. In some nations, such as the United States and Canada, there was a slowdown in the life and disability insurance market, whereas in other countries, such as China and South Korea, a rapid market expansion was observed. In Russia, the insurance market maintained a positive trajectory in 2021, despite the pandemic's impact. The volume of insurance premiums in Russia increased to 1.5 billion rubles in 2021. Europe and Central Asia experienced diverse effects of the pandemic on insurance markets. In Poland, the Czech Republic, Slovakia, and Hungary, there was a decline in life insurance premiums, while Slovenia observed a positive growth trend. The study outlined the key issues that need to be addressed to reduce the repeated negative impact of pandemics to restore the global insurance market. [ABSTRACT FROM AUTHOR]