For years, Russians have failed to develop the ability to adapt to financial vulnerability — that is, to the risk of falling below the poverty line. This is associated with the fact that Russians are less satisfied with life and rate their well-being lower as well. With the prospect of falling poverty an ongoing problem, these indicators have not improved.
The coronavirus pandemic and lockdown have made life difficult for credit institutions and their clients. Citizens’ incomes have decreased, which can lead to an increase in bad debts, and a decrease in the key rate to support the economy makes deposits less and less attractive and deprives banks of an important resource. Banks are compelled to search for new ways to earn money, which carries additional risks, says HSE Banking Institute Director Vasily Solodkov.
The Poletaev Readings, dedicated to the memory of Andrey Poletaev, one of the founders of the Poletaev Institute for Theoretical and Historical Studies in the Humanities (Russian acronym — IGITI), is a major annual event of the Institute. The event was set to mark its 10th anniversary in 2020, but due to the pandemic, the anniversary forum has been postponed to 2021. In its place, the organizers have arranged the Poletaev Readings 9¾, which were held online. HSE News Service spoke with the event organizer and some of the participants.