Ukraine war has valuable lessons for central banks, governor says

Central Banking Summer Meetings: Pyshnyy says new IMF aid structures will make the world safer

Andriy Pyshnyy
Lucy Stewart/Infopro Digital

The National Bank of Ukraine’s response to the Russian invasion contains valuable lessons for central banks, governor Andriy Pyshnyy told the Central Banking Summer Meetings.

Central banks had to expect ever more unpredictable exogenous shocks as the world became more interdependent, Pyshnyy said in his speech on June 14. Quoting the author Nassim Nicholas Taleb, he said the proliferation of these “black swans” meant financial institutions had to develop their “antifragility”.

This meant “the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account