Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313458 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Banking and Financial Economics (JBFE) [ISSN:] 2353-6845 [Issue:] 17 [Year:] 2022 [Pages:] 98-113
Publisher: 
University of Warsaw, Faculty of Management, Warsaw
Abstract: 
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.
Subjects: 
borrowing intentions
financial literacy
instrumental variables
quantile regression
JEL: 
D14
D91
G51
G53
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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