Adaptive Financial Ecosystems under Polycrisis: Toward a Theory of Financial Resilience for Economic Transformation

Authors

  • Agung Wahyu Ginanjar Politeknik Triguna Tasikmalaya Author

DOI:

https://doi.org/10.66203/econovia.01201

Keywords:

adaptive financial ecosystem, adaptive financial resilience, economic transformation, financial resilience, polycrisis, systemic resilience

Abstract

The increasing convergence of climate change, geopolitical instability, technological disruption, pandemics, and financial volatility has created a polycrisis environment that fundamentally challenges conventional understandings of financial resilience. Existing studies predominantly conceptualize financial resilience as the capacity to preserve stability or recover from isolated shocks, providing limited explanation of how financial systems continuously adapt and contribute to long-term economic transformation under persistent systemic uncertainty. This conceptual paper addresses this theoretical gap by developing the Theory of Adaptive Financial Resilience (TAFR), which integrates insights from resilience theory, complexity science, financial ecosystem research, systemic risk literature, and sustainability transition studies into a unified conceptual framework. The proposed framework positions the Adaptive Financial Ecosystem as the primary unit of analysis and conceptualizes financial resilience as an emergent capability generated through institutional agility, organizational learning, financial innovation, network reconfiguration, and collaborative governance. By reframing financial resilience as an adaptive and transformative ecosystem capability, this study extends existing theory beyond stability-oriented perspectives and provides a coherent foundation for explaining how financial systems can sustain economic transformation under polycrisis. The framework also offers a platform for future empirical validation and further theoretical development in adaptive finance and systemic resilience research.

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Published

06-07-2026

Issue

Vol. 1 No. 2 (2026): Adaptive Economic Transformation

Section

Conceptual Papers

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Copyright (c) 2026 Agung Wahyu Ginanjar (Author)

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