The Impact of Covid 19 Lockdowns on Western Balkan's Economic

Baruti, Blerta Haliti

doi:10.47191/jefms/v4-i9-15

Cited by 2 publications

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“…He further explains that due to the lockdown, many small businesses were shut down permanently. Haliti Baruti (2021) explains that countries in the western Balkan which implemented immediate lockdowns, such as Greece, Romania, Montenegro, Serbia, and Slovenia, experienced an increase in the unemployment rate, which rose from 4.8% to 46%. This increase illustrates the negative impact of the pandemic towards socioeconomic welfare.…”

Section: Introductionmentioning

confidence: 99%

Corporate Liquidity in Coronacrisis: Experience of Serbian Economy

Dejvak¹

2023

CEBR

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The appearance of coronavirus in the spring of 2020 has significantly revalued risk exposures in the business environment, which required new approaches in the measurement of financial risks. This paper defines and explains a new approach to the measurement of liquidity risk in companies in a time of an economic crisis. This approach is more responsive to stressful circumstances in the business environment and measures the time in an economic crisis when a company can still pay maturing liabilities out of its own inventory of liquid assets, where sales of a company on the market are limited or completely prohibited, as this was the case for some industries during the first wave of Covid -19 in spring 2020. The objective of this paper was to define a new metric for the measurement of corporate liquidity, which is sensitive to this environment and shows the propensity of a company to the risk of illiquidity if an economic crisis appears. This paper, in the next step, leverages the newly defined metric of corporate liquidity and calculates the average liquidity of all companies, as well as the average liquidity by business sectors in the Serbian economy, to discuss corporate liquidity in a crisis. The results show that the average liquidity of the Serbian economy in crisis at the end of 3Q 2020 was 78,02 days, i.e., the average company in the Serbian economy was able to survive 78,02 days in stress by the end of 3Q 2020 if its sales on the market were prohibited. Implications for Central European audience:The model in this paper is in the interest of every company and bank to measure the liquidity risk of business partners in times of an economic crisis and to predict which business partners may have liquidity problems in crisis and may therefore not be able to pay their open liabilities. The contribution of this paper to liquidity risk measurement in companies in times of stress is high as the currently available literature does not offer an alternative approach.

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Section: Introductionmentioning

confidence: 99%

Corporate Liquidity in Coronacrisis: Experience of Serbian Economy

Dejvak¹

2023

CEBR

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Global financial turmoil: Examining its risks and ripple effect on financial systems

Haliti Baruti,

Nallbani Berisha,

Gashi

2024

RGC

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Over the past two decades, the global economic landscape has faced substantial turmoil, marked by major events such as the 2007 financial crisis and the ongoing challenges posed by the COVID-19 pandemic. This paper aims to theoretically clarify the consequences of the global financial crisis on the developing economy of Kosovo, with a particular focus on its financial system, and to propose potential future reforms in this sector. Using a comparative analysis of different time periods, specifically examining the financial crisis from 2008 to 2023 in Kosovo, the study reveals that the global economic crisis has significantly impacted Kosovo’s economy. This is evident in the pronounced fluctuations in key macroeconomic indicators, including gross domestic product (GDP), trade balance, consumer price index (CPI), unemployment rates, remittances, and foreign direct investment (FDI) during this period. The findings suggest that two fundamental factors — the low level of economic integration and the government’s shift in priorities towards capital investments — have mitigated the crisis’s impact on Kosovo. The paper also highlights the ongoing challenges of inflation and emphasizes the need for strategies to ensure resilience and sustainable economic prosperity in the future.

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The Impact of Covid 19 Lockdowns on Western Balkan's Economic

Cited by 2 publications

References 0 publications

Corporate Liquidity in Coronacrisis: Experience of Serbian Economy

Corporate Liquidity in Coronacrisis: Experience of Serbian Economy

Global financial turmoil: Examining its risks and ripple effect on financial systems

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