Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy
This study aims to determine the role of financial literacy in households’ borrowing intentions during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy significantly i...
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| Format: | Article |
| Language: | English |
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University of Warsaw
2022-09-01
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| Series: | Journal of Banking and Financial Economics |
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| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1020&context=jbfe |
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| _version_ | 1841564097093566464 |
|---|---|
| author | Łukasz Kurowski |
| author_facet | Łukasz Kurowski |
| author_sort | Łukasz Kurowski |
| collection | DOAJ |
| description | This study aims to determine the role of financial literacy in households’ borrowing intentions
during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during
the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy
significantly increases households’ borrowing intentions. This applies to financially sound
consumers both in crisis and normal times. In terms of sociodemographic features, young adults
and the less educated are less willing to borrow during the pandemic. |
| format | Article |
| id | doaj-art-5996968ca0a44584a7bee153fef68bef |
| institution | Kabale University |
| issn | 2353-6845 |
| language | English |
| publishDate | 2022-09-01 |
| publisher | University of Warsaw |
| record_format | Article |
| series | Journal of Banking and Financial Economics |
| spelling | doaj-art-5996968ca0a44584a7bee153fef68bef2025-01-02T23:16:33ZengUniversity of WarsawJournal of Banking and Financial Economics2353-68452022-09-0120221(17)9811310.7172/2353-6845.jbfe.2022.1.6Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial LiteracyŁukasz Kurowski0https://orcid.org/0000-0002-3306-4276Warsaw School of EconomicsThis study aims to determine the role of financial literacy in households’ borrowing intentions during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy significantly increases households’ borrowing intentions. This applies to financially sound consumers both in crisis and normal times. In terms of sociodemographic features, young adults and the less educated are less willing to borrow during the pandemic.https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1020&context=jbfeborrowing intentionsfinancial literacyinstrumental variablesquantile regression |
| spellingShingle | Łukasz Kurowski Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy Journal of Banking and Financial Economics borrowing intentions financial literacy instrumental variables quantile regression |
| title | Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy |
| title_full | Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy |
| title_fullStr | Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy |
| title_full_unstemmed | Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy |
| title_short | Households’ Borrowing Intentions During the COVID-19 Crisis: The Role of Financial Literacy |
| title_sort | households borrowing intentions during the covid 19 crisis the role of financial literacy |
| topic | borrowing intentions financial literacy instrumental variables quantile regression |
| url | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1020&context=jbfe |
| work_keys_str_mv | AT łukaszkurowski householdsborrowingintentionsduringthecovid19crisistheroleoffinancialliteracy |