The Impact of COVID-19 on the Congolese Financial System : An empirical Investigation

Main Article Content

Christian P. Pinshi
Mosab I. Tabash

Abstract

The COVID-19 pass-through on the financial system moves      at supersonic speed,      undermining      financial stability with a contraction of claims on the private sector, withdrawing      deposits, and tightening the fiscal      circumstances     . The primary goal      of this research      is to investigate the unprecedented influenceof COVID-19      on the Congolese financial system. An autoregressive Vector Bayesian model is used to test the connection     .      The data utilized is a monthly series from December 2013 to October     2020. The results reveal      that the COVID-19 pandemic has varying degrees of negative impact on      the Congolese financial system. The Congolese government      should immediately      ado     pt macroeconomic and financial policies by boosting and injecting liquidity into      the banking sector to mitigate the negative consequences. At the same time, the expansion of Fintechs on the one hand and the expansion of cyberattacks on the other would enhance the financial system landscape     . To maximize      the digitization      of the financial systems and enhance the effectiveness of cybersecurity, financial institutions should implement intelligent      policies and invest in research. This study is the first to be done in Congo to the authors' best knowledge      and serves      as a battery for further research in Africa and the world.

Article Details

How to Cite
Pinshi, C. P. ., & Tabash, M. I. . (2023). The Impact of COVID-19 on the Congolese Financial System : An empirical Investigation. Journal of Advanced Research in Economics and Administrative Sciences, 4(4), 14-27. https://doi.org/10.47631/jareas.v4i4.633
Section
Articles