IDEAS home Printed from https://ideas.repec.org/a/sja/journl/v11y2021ispecialp291-301.html
   My bibliography  Save this article

The moratorium on loan repayments during the Covid-19 Pandemic in Europe: a comparative analysis of loan moratoria in selected European countries

Author

Listed:
  • Jan Skrabka

    (Prague University of Economics and Business, Czech Republic)

Abstract

This paper examines the moratorium on loan repayments, which was intended to relieve debtors in a difficult situation during the COVID-19 pandemic. In this study, various aspects of such moratoria are critically discussed and compared from an international perspective. Some debtors were significantly hit hard by the pandemic, whereas others were no. But should the moratoria apply to all of them? The free-rider problem, or even harm to some clients, are among the unintended results of the moratorium. Moreover, the loan repayment moratorium has different effects on the traditional banking sector and on P2P lending platforms. Such differences were not discussed sufficiently before adopting the moratoria. The different effects might have a negative impact on some debtors, on some creditors, or on the market and society in general. Along with using some traditional legal research methods, this paper takes a comparative perspective on loan repayment moratoria in different EU countries among. The conclusions of the paper may help regulators and lawmakers prepare more balanced regulations of loan repayments in the next crisis. Future regulations should reflect the perspectives of both debtors and creditors.

Suggested Citation

  • Jan Skrabka, 2021. "The moratorium on loan repayments during the Covid-19 Pandemic in Europe: a comparative analysis of loan moratoria in selected European countries," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 11(Special I), pages 291-301, October.
    • Handle: RePEc:sja:journl:v:11:y:2021:i:special:p:291-301
    as

    Download full text from publisher

    File URL: http://www.tribunajuridica.eu/arhiva/An11vs/2.%20Jan%20Skrabka.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ahmad Al-Fadly, 2020. "Impact of COVID-19 on SMEs and employment," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 629-648, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mădălina-Elena Stratone & Elena-Mădălina Vătămănescu & Laurențiu-Mihai Treapăt & Mihaela Rusu & Cristian-Mihai Vidu, 2022. "Contrasting Traditional and Virtual Teams within the Context of COVID-19 Pandemic: From Team Culture towards Objectives Achievement," Sustainability, MDPI, vol. 14(8), pages 1-19, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giuseppe Maria Bifulco & Riccardo Savio & Maria Federica Izzo & Riccardo Tiscini, 2023. "Stopping or Continuing to Follow Best Practices in Terms of ESG during the COVID-19 Pandemic? An Exploratory Study of European Listed Companies," Sustainability, MDPI, vol. 15(3), pages 1-16, January.
    2. Igor Denisov & Yelena Petrenko & Irina Koretskaya & Stanislav Benčič, 2021. "The Gameover in Universities Education Management during the Pandemic COVID-19: Challenges to Sustainable Development in a Digitalized Environment," Sustainability, MDPI, vol. 13(13), pages 1-23, July.
    3. Marco Ardolino & Andrea Bacchetti & Dmitry Ivanov, 2022. "Analysis of the COVID-19 pandemic’s impacts on manufacturing: a systematic literature review and future research agenda," Operations Management Research, Springer, vol. 15(1), pages 551-566, June.
    4. Zbigniew Malara & Rafal Misko, 2021. "The SMEs in a Pandemic Period in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 748-754.
    5. Hafiz Suliman Munawar & Sara Imran Khan & Fahim Ullah & Abbas Z. Kouzani & M. A. Parvez Mahmud, 2021. "Effects of COVID-19 on the Australian Economy: Insights into the Mobility and Unemployment Rates in Education and Tourism Sectors," Sustainability, MDPI, vol. 13(20), pages 1-17, October.
    6. Michela Piccarozzi & Cecilia Silvestri & Patrizio Morganti, 2021. "COVID-19 in Management Studies: A Systematic Literature Review," Sustainability, MDPI, vol. 13(7), pages 1-28, March.

    More about this item

    Keywords

    Loan repayment; loan repayment moratorium; moratorium; banking; P2P lending; banking law; COVID-19.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sja:journl:v:11:y:2021:i:special:p:291-301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin-Silviu Sararu (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.