Theoretical and Applied Economics
No. 3 / 2020 (624), Autumn
Analysis of the impact generated by COVID-19 in banking institutions and possible economic effects
Bucharest University of Economic Studies, Romania
Ionuț NICA
Bucharest University of Economic Studies, Romania
Abstract. From the perspective of early warning and the effects generated by the COVID-19 pandemic, this article deals with the impact that the COVID-19 pandemic has on the banking network. The 2019-nCoV coronavirus epidemic began in the Chinese city of Wuhan, which spread across the country and later in a very short period of time in several states, being seen as a global contagion effect that causes a large concern. The first part of the case study highlights that the behavior of agents greatly impacts the decisions they will make and this can cause financial and economic imbalances. The financial impact of coronavirus goes beyond the worst old scenarios, building the ideal framework for a possible economic crisis. Economic changes and their effects have also affected the stock markets. This is also analyzed in the first part of the case study and through the IT solution NetLogo we simulated the contagious economic effect that can be transmitted in the economy of a country that is built on the interactions between several economic agents, such as businesses, banks, institutions and even the government of a country. In the analysis performed in the second part of the case study, we collected data on the following stock market indices: S & P500, Dow Jones Industrial Average, FTSE but also indices related to the banking groups that include both Raiffeisen Bank Romania and Romanian Commercial Bank and we analyzed these data in the Altreva Adaptive software.
Contents
Social protection systems and economic growth
Analysis of the impact generated by COVID-19 in banking institutions and possible economic effects
Covid crisis: Fiscal, monetary and macro-financial policy responses
Simulation of financial contagion effect using the NetLogo software at the level of the banking network
Impact of education and government effectiveness on the shadow economy
Financial development and income inequality: An empirical analysis on the emerging market economies
Aspects and evolutions specific to monetary policy in Romania. A complex topical analysis
Foreign trade policy and economic growth: Indian evidence
The effect of external debt on long run economic growth in developing economies: Evidence from heterogeneous panel data models with cross sectional dependency
Structural modeling of fiscal structure for policy analysis: A case study of India
Macroeconomic variables and market expectations: Indian Stock Market
Relationship analysis of stocks prices and exchange rates of three leading Asian economies
Bitcoins as a determinant of stock market movements: A comparison of Indian and Chinese Stock Markets
The causal relationship between Indian energy consumption and the GDP: A shift from conservation to feedback hypothesis post economic liberalisation
The dependence and dynamic correlation between Islamic and conventional insurances and stock market: A multivariate short memory approach
Does exchange rate has any impact on economic growth in India? An empirical analysis
Corruption, technological innovation and environmental quality in South Asian countries: An empirical insight
Analysis of the quarterly evolution of the Gross Domestic Product
The main theoretical aspects regarding the capital adequacy models
Considerations regarding the effects of COVID-19 on the tourism market