Effect of Environmental Crises on the Stress Level and Financial Behaviour of University Students

Kálmán, Botond Géza (2022) Effect of Environmental Crises on the Stress Level and Financial Behaviour of University Students. In: 13th International Conference of J. Selye University. Economics Section. Conference Proceedings. Selye János Egyetem; Univerzita J. Selyeho, Komárno, pp. 161-182. ISBN 9788081224119

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Abstract

The history of the world economy can also be described as a history of crises. Only in the last century have several crises shaken the world. The end result of the 1929 world crisis was World War II, and the oil price explosion of the 1970s also caused global problems. The bursting of the financial bubble in 2008 and the incredible size of the stock of overdue loans pushed back the development of the world economy for several years. Unlike the previous ones, the crisis caused by COVID-19, which attacks human capital itself, people, and stopped production and consumption due to forced short-circuit restrictions. While the negative effects of crises are obvious, all crises are also opportunities. New ways of resolving the global recession have always had to be sought and found (paradigm shift). This is also the case with the crisis caused by COVID-19. Since the outbreak of the epidemic, countless pieces of information have been gathered, all of which are paving the way for a new economic approach. This study also seeks to contribute to this with its modest means.

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