Pandemic or Generational War?
DOI:
https://doi.org/10.18778/2391-6478.S.2021.07Keywords:
COVID-19 pandemic, personal finances, crisis management, nanofinanceAbstract
The article deals with the COVID-19 coronavirus pandemic and its potential impact on the economy, public finance system and personal finances. The shock of the virus outbreak and expansion on a global scale poses enormous challenges to economies, public finances and health systems related to the threat of recession, drastic reduction in personal income in households, the need to develop government programs mitigating the effects of a pandemic, and the central bank joining in the form of rate cuts interest and reserve requirements, as well as the launch of non-standard monetary policy instruments quantitative easing (QE). The aim of the study is to propose a language of nanofinance to describe a pandemic as a destruction of the mechanism of intergenerational and intra-generational solidarity. The main hypothesis of the study is that the quality of financial risk management of everyday life will determine the scale of financial losses and the time necessary to overcome the socio-economic collapse caused by a pandemic.
Downloads
References
Anderson R.M., Heersterbeek H., Klinkenber D., Hollingsworth D.T., 2020, How will country based mitigation measures influence the course of the covid-19 epidemic? „The Lancet”, March. DOI: https://doi.org/10.1016/S0140-6736(20)30567-5
Atkeson A., 2020, What will be ten economic impact of COVID-19 in the US? Rough estimates of disease scenarios, „NBER Working Paper”, no. 26867. DOI: https://doi.org/10.3386/w26867
Auer R., Cornelli G., Frost J., 2020, Covid-19, cash, and the future of payments, „BIS Bulletin”, no. 3.
Banham G., 2020, In this coronavirus crisis, do families have enough savings to make ends meets?, Resolution Foundation.
BIK, 2020a, BIK Indeks – Popyt na Kredyty Mieszkaniowe wyniósł w marcu 2020 r. (–3,1%), 6.04.2020.
BIK, 2020b, Koronawirus a popyt na kredyty ratalne, 8.04.2020.
Blim M., 2018, Pracownik i jego kompetencje cyfrowe, 1.03.2018, https://aspolska.pl/pracownik-i-jego-kompetencje-cyfrowe/ [dostęp 4.04.2020].
Dolot A., 2020, Wpływ pandemii COVID-19 na pracę zdalną – perspektywa pracownika, „E-mentor”, nr 1. DOI: https://doi.org/10.15219/em83.1456
Fan V.Y., Jamison D.T., Summers L.H., 2016, The inclusive cost of pandemic influenza risk, „NBER Working Paper”, no. 22137. DOI: https://doi.org/10.3386/w22137
G-20, 2020, Statement on COVID-19, BIS.
How to pay for the pandemic, 2020, „The Economist”, 25.03.2020.
Huynh K.P., Molnar J., Shcherbakov O., Yu Q., 2020, Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency, „Bank of Canada Staff Working Paper”, no. 7.
Koronawirus odbiera pracę i pustoszy portfele Polaków, 2020, https://media.bik.pl/informacje-prasowe/498172/koronawirus-odbiera-prace-i-pustoszy-portfele-polakow [dostęp 14.04.2020].
Majos A., 2017, Kompetencje cyfrowe pracowników MŚP. Polska na tle UE, „Biuletyn Euro-Info”, nr 1.
Myck M., Oczkowska M., Trzciński K., 2020a, Skala ryzyka finansowego dla gospodarstw domowych: pierwsza fala konsekwencji gospodarczych pandemii COVID-19, Centrum Analiz Ekonomicznych, Komentarze CenEA, 22.03.2020.
Myck M., Oczkowska M., Trzciński K., 2020b, Zamknięte szkoły: warunki uczniów do nauki zdalnej w okresie pandemii COVID-19, Centrum Analiz Ekonomicznych, Komentarze CenEA, 28.03.2020.
Waliszewski K., 2020, Determinanty recesji na rynku pożyczek pozabankowych w Polsce, „Finanse i Prawo Finansowe”, nr 1(25). DOI: https://doi.org/10.18778/2391-6478.1.25.07
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
How to Cite
