![]() ![]() Influences in the banking industry of Bangladesh due to COVID-19. Therefore, it can be expected that there were Businesses were shut down during lockdowns which means there were fewer transactions in banks than normal. However, the reduced income also caused borrowers to delay their payments of loans. Shortage in income made people utilize their savings and in some cases take loans for several purposes. Such lockdowns and restrictions caused many people to lose their jobs, receive a reduced salary. Because that was the time when there were lockdowns with numerous restrictions in countries. People started to withdraw their deposits when COVID-19 affected cases and deaths started to increase. It is expected that people need money in pandemics like COVID-19 to survive and money is very highly related to banks. Along with every sector, the banking industry is also not an exception. Although COVID-19 had a greater influence on the economies initially, the effects of this pandemic are lowered at present to a moderate level. In summary, the findings suggest that policymakers should maintain less stringent containment measures related to public closure and movement restrictions and stimulate economic activities through economic support policies in order to minimize losses in trade flows during the pandemic.Įconomies of almost every country throughout the world are shaken due to the pandemic of COVID-19 which initiated in November 2019 and is still present. In contrast, economic support measures showed significant positive effects on trade. The results show that stringent COVID-19 closure, social distancing, and containment measures and health-related measures, had significant negative impacts on trade flows. In this study, the Panel Vector Autoregression (PVAR) method was conducted using country-level panel data collected from various international sources including the United Nations, World Bank, and University of Oxford. ![]() Currently, the systematic quantitative research investigating the effects of specific non-pharmaceutical intervention policy clusters on country-level international trade flows, remains limited. The pandemic has affected the international movement of people, goods, and services. The rapid spread of the disease and the control measures implemented by governments to contain the virus have led to serious consequences for the global economy. The COVID-19 outbreak has contributed to a tremendous global decline in international trade flows. ![]()
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