THE MACROPRUDENTIAL MEASURES FOR MITIGATING THE EFFECTS OF THE PANDEMIC CRISIS IN TOURISM ECONOMIES

Purpose – The paper evaluates the applied macroprudential measures in selected countries by testing their efficiency tourism and reducing revenue gap sector during pandemic crisis. Research methodology effects of policy were tested using Granger causality test PVAR model. research used data from period 2019 to 2022 quarters. impulse response function evaluated long run impact on performance entities. Findings results confirm positive effect systemically important institutions buffer (SIB) losses tourism. showed significant SIB (RG) reduction. limitations has regarding short observation. additional variables can be entered into Practical implications serve makers for shaping recovery policies maintaining long-term economic stability. findings are useful as they a guide designing help recovery. Originality/Value contribution this study is reflected providing scientific evidence effectiveness several routing