Igor Kravchuk

• PhD
• Professor at Bydgoszcz University of Science and Technology

The purpose of the article is to identify key banking activity models in Ukraine and show how they changed under the influence of the Revolution of Dignity, the COVID–19 pandemic, and the imposition of martial law. The proposed method uses cluster analysis of the main indicators for banking activity (concerning assets, liabilities and income) based...

This article aims to assess changes in the banking system of Ukraine in 2022 under martial law (at the macro level) and the vulnerability of banks to financial stress (at the micro level). The proposed method uses cluster analysis of the main ratios for banking stability based on the agglomerative hierarchical clustering algorithm.The analysis of c...

The modern development of the investment funds industry is underpinned by the understanding of the efficiency and quality of asset management regarding the use of various investment strategies. The purpose of the article is to examine investment strategy performance in equity funds domiciled in Poland using standard relative and absolute measures....

Abstarct: Purpose: The purpose of the article is to identify models of banks' activity in the securities and derivatives markets, as well as to analyse changes in these models on the example of the largest banks in the EU. Design/Methodology/Approach: The proposed method uses cluster analysis of the main indicators for banking investment based on t...

Purpose: The purpose of the article is to analyze the main features of the identified funding strategies of G-SIBs and changes in strategies under the influence of financial market conditions and new regulatory requirements. Methods: The proposed method uses cluster analysis of the main indicators for banking funding (the share of deposits in liabi...

Research background: Increased regulations reducing systemic risk are essentially underpinned by the understanding of the global nature and sources of instability of the financial system. In the economic literature, there are many arguments presented by critical supporters and opponents of measuring and reporting global systemically important entit...

У статті досліджено специфічні характеристики умовних конвертованих цінних паперів (активатори, купонна ставка, строк обігу, механізм трансформації) у взаємозв’язку з управлінням фінансовою стійкістю банківських установ, їх вплив на стабільність ринку обігових фінансових інструментів, а також визначено перспективи побудови ринку цих цінних паперів...

The article aims to identify shocks on the financial market (stock market booms and declines) with the method of frequency filters, as well as their impact on the real economy. The research refers to three categories of assets: stocks, bonds and derivative instruments on the selected European markets of diversified levels of development: Poland, Uk...

Market of negotiable financial instruments is an immanent component of the financial system and is in a two-way relationship with other financial institutions and real sector of the economy in terms of ensuring its stable functioning. Possible market shocks can adversely affect state of the economy; therefore regulators should carry out constant ma...

Introduction. Current demographic trends and social and economic models initiate the challenges regarding the possibility of adequate pension provision of the population in many European countries. International organizations forecasts confirm the need to diversify the sources of pension benefits to the population by accelerating the development of...

The article identifies failures on the securitization market and obstacles for its intensification as relying on the analysis of development trends of this market section of negotiable financial instruments in Europe, evaluating proposals for generating a model of simple, transparent and standard securitization. It is found that the available struc...

Holistic system of macroprudential policy for the negotiable financial instruments market in the context of the instrumental operationalization on the basis of systematization of existing and development of proposals for the introduction of new tools are studied in the article for create a coherent indirect macroprudential regulation complex in thi...

The aim of the study is to verify the turbulence in the negotiable financial instruments market in Poland, by evaluating the composite stress index, which includes indicators concerning the stock market (volatility, liquidity, CMAX based on stock index WIG), the bond market (volatility of 10-year Treasury bonds, their liquidity, the sovereign sprea...

The aim of the research is to define possible contagion level of capital market resulting from shocks in main international stocks and bonds markets on basis of the assessment of market interconnectedness. Global Vector Autoregressive model was built up for securities markets in China, Euro area, Japan and the U.S. Using generalised impulse respons...

The aim of the article is to study the processes of formation of the EU Capital Markets Union in the context of their influence on stability of the markets and the financial system as a whole. In the course of analyzing the project for the building of a single capital market with respect to financial stability, there determined its positive aspects...

In response to the last financial crisis new institutional reforms were implemented. The aim for these reforms is to save and secure the functioning of markets in financial instruments. It seems though that these efforts lack the clarity of the basic notion, which is the term “institution”. This weakness my cause interpretational problems on both t...

Institutional investors are the entities which acquire funds from the so- -called small investors and invest them in fi nancial markets. Having in mind the nature of activities, of the key importance for their functioning are the processes of integration of fi nancial markets. An aim of the study is an attempt to answer the question of integration...

Określenie „inwestor instytucjonalny” nie jest jednoznaczne. Semantyczne różnice występujące w aktach prawnych i literaturze nie oznaczają jednak, że grupa ta nie może być przedmiotem badań naukowych. Analiza głębokości finansowej gospodarki strefy euro oraz analizy skupień na podstawie wskaźników struktury finansowej poszczególnych krajów strefy e...

The article according sensu stricto defined the concept of "derivatives" as negotiable instruments in the form of aleatory bilateral contracts on the underlying assets, and suggested areas of improvement of legislation of Ukraine on the legal definition of instruments to restore the value of both state warrant and the adoption of regulations that d...