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Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

Unfortunately when a pandemic strikes and it goes around    and strikes country after country not only banks but at the same time everything is bound to collapse , people are leaving their pets behind and fleeing .. the situation is uncontrollable in many countries.

I do think it can for sure cause a surge of prices inflation + at the same time no jobs will cause the whole system to collapse , where there won't be people to give service to or to provide any service to .

I believe if it will bring chaos and disaster to the world - whole stock market will be closed, most of exchanges won't work same way.
So if the disease will increase that much to affect market directly in any way - it will be the end of the market, because people won't think about profit but will think about surviving

I'm not an economist, and this is my own personal analysis, but I think it all depends on the level of fear and how serious the epidemic actually is.  With the coronavirus, there's a lot of fear but it doesn't seem to be the deadliest virus known to man--and I don't think the death toll is going to be outrageously high.  But it's the perception and people's reaction that affects their spending, productivity, and in the end, the economy.

I think people are overreacting to the coronavirus outbreak, but that's not to say people shouldn't be concerned.  The media tends to make this stuff front-page news in an attempt to scare people into continuously watching TV and checking the news.  And yeah, I'm cynical about all of that.  If this was a virus that was a deadly as HIV was back in the 80s-90s, or ebola, then I'd say all the worry is justified and it might affect the global economy. 

But coronavirus?  I don't think so.

The Corona virus today has 90000 cases on which I think is higher than what we had with severe acute reapiratory syndrome and middle east respiratory syndrome (SARS and MERS-COV) that number of cases is crazy knowing that it is just been a month or teo since we detected that disease. I'm quite skeptical about the Chinese economy since we aren't seeing a massive down from them, I see their economic losses as an effort to cure the disease as they built an entire full functioning hospital in just 3 days.
Health is wealth, why people would just be walking around when there is a virus. Come on man, this is not a kind of funny jump scare it is all about the expense of all human beings.

I was not only reffering to coronavirus, but all other epidemic disease which may be seen in the future. However, don't take this corona virus such easy. Countries dependent on China are suffering heavily. You can see some stats on such countries.

It affects the economy sorely, of course. It might cause high inflation considering that the production industry will be terribly affected. The banks will also be affected, of course. A lot of people are now trying to make ends meet using whatever they saved for the previous months and years. There will be much larger withdrawals than deposits. For sure, people will take their money from the banks because they badly need it. This is happening because the business sector, the main money-making sector of any society, is crippled by the spread of the virus. Many employee are laid off. And when people are deprived of their regular sources of income, the inflow of the banks will also get weak.

Still, Corona isn't declared as a pandemic disease but it does affect the economic worldwide even if the disease caused only in China so its a sign how every country's economy is connected to each other so if there is any deadly disease and cure for that diseases if not found yet then its deadliest situation for worldwide economy.

Can coronavirus cause the collapse of banking?No,I don't think so.This is just a virus with 2-3% death ratio and people can get cured.
Can a serious pandemic disease cause the collapse of the banking system?Yes,if it has a really high death ratio and people can't get cured,of course it can,but we haven't witnessed such global plague that would destroy the global economy and finances.Coronavirus is definitely NOT such a dangerous pandemic virus.

I do not think that Corona virus is the same risk that the media describe, as the mortality rate did not exceed 3%, while some diseases, such as malaria, kill millions of people in Africa. Perhaps the main goal is to weaken the economy of some countries, make some pharmaceutical companies rich, or even occupy public opinion about many economic failures.
I am not saying that it is fake, but it does not deserve all this media amplification

The economy would naturally be affected. Just the fear of a virus spreading around the globe giving deaths to various countries is enough to affect the economy of a country. Just look at how China has become.

https://www.nytimes.com/2020/02/17/business/china-coronavirus-economy.html (https://www.nytimes.com/2020/02/17/business/china-coronavirus-economy.html)

As seen clearly on the article, factories have closed down and those that are open or are trying to open are struggling to cope with the fear the virus has spread over the world. In this case though, what has caused the collapse of the economy of other countries is Fear, not the virus itself.

The media has spread news of the virus, most of which contain over the top reactions and comments regarding it. Some even give misleading headlines and some of the people who see them immediately share without even bothering to read the contents. Not to say that safety isn't important, but understanding the current events properly is a pre requisite to determining the proper way of sharing information with regards to the safety of others.

Researchers are saying a pandemic could wipe out $1.1 trillion from the global GDP: https://markets.businessinsider.com/news/stocks/coronavirus-pandemic-economic-impact-global-growth-outlook-estimated-hit-2020-2-1028937457

That would cause bigger stock market declines and probably an overall multi-year recession, but I wouldn't automatically expect bank runs or banking collapses.


There's been 1 death so far in the US. The flu kills something like 50K people per flu season. People do seem to be overreacting. :D

It has an effect to the economy, probably the disease will scare people and can result to a fear. But transferring, sending, doesn't require people to go out and have a physical transaction. If and only if people will withdraw the money for a personal needs or basic needs during epidemic disease. Banks are always open and active, they don't have any hard time manipulating our money. But the corona virus will surely increase the price of our personal needs like face mask, food, medicine, and etc., that's what you called inflation. Business minded people will take advantage of the disease and the banks will also surely benefit to that. Many employee will be harmed and they will have a hard time working.

Definitely a global epidemic like corona virus will cause a huge disaster not just only to the economic or banking sector of a country but a great fall in the world economy as well. Same way situations like war cause a nation economy breakdown, a deadly disease as well can as cause such. Some country has already banned any gathering of huge people such as blockchain events which were supposed to take place in china some weeks back also some football events has been suspended while the fight against this virus is still on.

Yes, a pandemic can lead to a collapse of the banking sector. If corona virus were to be officially declared one my prediction would be an instant spike in the value of everything, from meds to food supplies as most people would be sticking up for a hibernation period. But in the subsequent weeks and months, this products would gradually drop as there would be a lack of demand for it and a huge supply. This would crash the value of money and other sectors. I don't think Bitcoin and cryptocurrency would be left out.

Countries which resists the outbreak could still have a flourishing economy despite the disaster.

First of all, I don’t think it could happen today with the coronavirus. There are things to be considered.

• How much is the damage that it cost globally?
• Up to what extent can the country of origin go to solve this problem?
• What is the cost to solve this problem?

It is quite essential to have instant liquidity when it comes to events like this. Probably it would also depend on the leader of the country on which the cases are happening and having a leader who knows what to do would help prevent the catastrophic things to happen. In this case, China has put all its resources or liquidated some of its bonds to have the capital to research on the solution of the problem. It is crucial to solving the problem with the scientific research behind them, and it is not going to be cheap for sure.

This might Affect the banking economy of China, but I don’t think it could cause the banking failure in the world. Probably the central bank of China would have that damage causing the value to decline.

In the end, no prediction would be 100%, so in my case, I don’t think it can collapse the banking sector for the financial aspect of the world. Maybe in a zombie outbreak, it might collapse?

I do not really think Banking should be the first thing to worry about when it comes to these types of situations. Epidemic diseases spreading out is enough to be worried about human health and that is the most important one. People's health is more important than banking. And affecting the people's health and people having panic with the viruses will surely collapse the economy. Nevertheless, at this point, this epidemic didn't have much affect on the Banking sector.

This, if a pandemic occurred that had a very high mortality rate then society as we know it will collapse and something new will have to come out of the ashes similar to what happened with the black death in Europe, however those world changing events are really rare and it does not seems like the coronavirus in its current form will have such an effect, however it is surely scaring people and making the stock market and even the price of bitcoin to go down for the time being.

There is no way financial world gets absolutely no impact at all but isn't "collapse" a too much of a reaction? Even in China where this was felt the most it doesn't feel like collapsing. They have trillion dollar worth of biggest banks in the world and even they do not feel like getting affected all that much if you ask me. Their banks are going to continue just giving any sort of loan to anyone and the banks are still basically controlled by government so there is really nothing to worry about for them for now.

Even if it gets affected the billions of dollars of profit they are making will go down or maybe even write a loss season but since it is government backed nothing too bad could ever happen.

The 2008 economic collapse was fueled by banks leveraged exposure to declining subprime real estate and other assorted markets.

If the corona virus negatively impacts markets bankers have leveraged positions in, it could be bad for them. History could repeat.

Derivatives markets today are not safer or better regulated than they were in 2008. Its entirely possible we could see a sequel.

We are quite close to see the sequel actually. Since factories in China stopped their working process it literally crashed crypto and stock markets right away.
The situation should normalize soon otherway  we're going to meet the collapse again

By looking at the current situation all countries have been wary of Corona viruses. This Virus is certainly a very scary threat. We have seen China's country and the country's economy has decreased due to viruses. Even so, I am not convinced that it can tear down the banking, I think it is very difficult and will not have any impact on banking.

The events that exist in China, have made many countries issue new regulations to improve security. Even this virus can be treated and many people who are affected by viruses can recover.

So my opinion about it that the Corona virus will not tear down the banking.

There is indeed, a lot of factors that might affect the economic stability of a country. Likewise, an epidemic could really stop the economic transactions that is happening inside a country that could also affect other neighboring towns. Corona virus is a serious illness that is quickly spreading in and out of China, if this continues and it would not soon be cured, I think this could cause a lot of negative impacts not only in China but also, to the countries connected to it like what is happening to your own country. But, I don't think that banking could be easily go down because of it, yes it might affect the bank but, its organizers probably already have precautions set before the event happened.

Coronavirus will not make the bank collapse. What can make a bank collapse is when the majority of people take all their money together. In addition, people do not save money in a bank virtually but only use bank safe deposit box services.

Isolation and restrictions due to a virus certainly disrupt the supply chain of production and consumption which in turn causes an economic slowdown. This condition will affect the banking industry, only banks with the practice of the interest system will continue to receive profits even though the numbers are declining.

The dependence on imported goods proved not to be a good thing. Learning from the trade war between China and America, Trump is trying to reduce its dependence on imported goods from China and roll back domestic industries that were previously killed by the onslaught of cheap products from China. Trade wars have indeed made the price of Chinese products in America more expensive which in turn has led to a reluctance to buy Chinese products and raised awareness to drive the American manufacturing industry.

Indeed, the corona virus greatly affects the stability of the world economy but will not make banks collapse, each individual and other institutions will still use banking for many purposes, so with the support still exists, banks will not easily collapse and the corona virus will really not make banks destroyed because of panic about the corona virus. Instead, thinking of the bank collapsing I think it would be better to immediately do the best and as quickly as possible to destroy the corona virus itself because honestly, this virus really is very disturbing.

Coronavirus had affected a lot of countries already if a countries economy is affected so as banks. There had been major shut down and flights were canceled due to the fear of the spread. It may not totally cause banks to collapse but it will surely affect it's normal business operation due to the panic the virus is causing. Such epidemia shut downs businesses, travels, tourism and a lot more.

the government certainly also has anticipatory steps, so it is very difficult to bring down banks, even though it is recognized that the economy is slowing down, and I think that will happen all over the world. but according to the latest news in the near future it is said that the vaccine will be released soon, and hopefully this will be a resurgence of normal life

It's a fact, if affects humans it affects everything else! Viruses and diseases hurt humans, when humans are down everything else is down. China is good example for what is happening with their banks at the moment, but it's something that is logical cash is money in the physical form, so that means you have to be in contact with other people and exchange cash with them, in that way there are more chances for people to get infected.
There's no joke with epidemic or pandemic, everything can collapse if it hurts too many people on one place, it's not exaggerating if I say that cities can disappear like we watch in the movies.

Why would the Banks collapse if they know that they would be bailed out by government tax money. <Remember what happened in 2008, when the Banking system nearly collapsed? The government bailed them out twice and the tax payers paid the bill. >  >:( >:( >:( >:(

In any way, people are gullible and they will store their wealth in perceived safe havens like Banks, because they think it is safe. The Banks have unlimited "help" from Reserve Banks, so they know things will have to be very bad for them to fail. This virus is also not nearly as destructive as some previous viruses, like the Swine Flu epidemic and Banks survived that.  ::)   

The tax payers should be worried, because their burden will just increase as the global economy struggles and they will have to pay more taxes to carry the failed governments.

Some calamities can indeed affect the economy, but Coronavirus is not one of them. Around 3k people have died from it globally, but we know that from 12k to 61k people have died from the flu every year since 2010 in the US alone.

In short, this Coronavirus thing is a vastly over-hyped scare story the media force-feeding their readers and viewers with. It will hardly affect the economy, and surely it will not lead to collapse of banks.

Obviously it is happening already, the slow phase of the economy of the list of countries with lockdown and ban travel orders.
The Airline industry sure lost a lot from this outbreak.

We are in the same situation because i think the world are suffering on that virus also know as corona virus (N'Cov) and we are all affected because of this disease even the banking and the other supply in china and even the crypto world are affected.

Yes. But just as a trigger. Reasons why current economic system will collapse are elsewhere, but those reasons need a trigger.  The fear from corona virus and with that fear, the closing of borders and stopping the trade can make it happen. Current economic system will collapse sooner or latter. It could be this year. in 5 years time or in 20 years time.

If the Coronavirus causes a global pandemic, then the economy is going to get adversely impacted. But at the same time, I don't think that it is going to impact the banking sector in a disproportionate manner. Anyone remember what happened during the 2008 economic recession? The banks were impacted quite a lot. But they rebounded within a couple of years.

Honestly maybe corona can't but if we have a virus that is very very lethal one day and spreads very easily, we could potentially have something that may hurt the baking industry a lot. However for that to happen we should be talking about something that is really lethal and not like corona, corona has a %4 or so death rate compared to infection rate which is why people like me do not really think it is too dangerous.

Certainly, you can still be careful about it but we need like a 20%+ rate in order to start feeling like world may get too dangerous and financial world may take a step back. I still think it wasn't really cured all that fast because it was in China but now that it is in west, there will be a cure very quickly.

To some scope epidemics can collapse banking:

1. If companies have suspended operating, people will not get paid and some of them will cash out their savings and start living off them. If too many people will do so, banks will (due to the fact of the partial reserve standards) will not have money to pay their customers money. Such a situation with banks you have seen in Greece and Cyprus couple of years ago - as a result, there was daily cash out limit imposed on users (like 50 EUR per day or so).
2. In the longer-term effect, if companies are suspending their operations or are forced to shut down/operate for part-time only people will start losing their jobs, what has a domino effect: if the factory will reduce their staff or close, local restaurants or shops will lose customers and close as well. Many of the workers/owners of businesses have mortgages or other loans to pay. If you cannot pay off your mortgage, the bank takes over your estate and tries to sell it.
But what if there are hundreds of such houses and very few people willing to buy them at all? We have seen that during the last financial crisis in the USA. Banks bankrupt as a result.
3. If the death rate is very high, deceased do not pay their loans. If they leave no legal heirs who inherit property (and debts as well), no one will pay back to the bank. As well in a case (in some countries it is allowed) when the legal heir will resign from all inherited property and debts - the bank will not get back money.

These could heavily damage banking system.

The economic impact cannot be determined right now because it is spreading to different countries and if they are not able to control the spread then it will have a major impact on the economy globally, even now the stock market is badly affected with the news of outbreak to Italy and other European countries and it will hit the manufacturing sector and it will have a major impact on the economy and i am expecting a recession in the coming months if it is not quarantined in time.

That's what I've been saying. It's hilarious watching people freak out as if the world is ending!

For comparison, look at the swine flu pandemic that began in early 2009 and ended in late 2010. The CDC estimated afterwards ~61 million people in the US were infected and ~12,500 people died. https://en.wikipedia.org/wiki/2009_flu_pandemic#Follow-up

What happened to the stock markets at that time? It was a nonstop bull market recovery during the entire active pandemic period:

https://i.imgur.com/YCBSGeD.png


It sure is fun to speculate about though. :D

https://www.theguardian.com/world/2020/feb/19/coronavirus-could-cost-global-economy-1tn-in-lost-output

For the balanced life in this planet, we must have everything should be working on its routine things and any disturbance will be happening in this cycle will be definitely impacting the economy of individuals and then their country's. When people are finding something abnormal and that is impacting to their day to day life, then that will slowly start impacting to their financial life too. For example, merchants will find low income because of low sales out.

Individuals are just the pillar of a nation's economy hence when individuals are getting impacted that will definitely result in impact of banking system and then collapse of economic of entire country.

Absolutely yes, when we talk about global size catastrophe the value of money goes down and usual rich people invest in diamonds or gold.

Recently, by the way, there was news that the 50 richest people in the world lost $ 444 billion in a week just against the backdrop of the coronavirus, which already claims to be a pandemic, given the very large foci in South Korea, Iran and Italy.

I think yes if the disease like coronavirus becomes more prominent, it would affect our economy, all of the transactions physically will become passive because of the afraid of people to go outside their home, our deals will lessen because of a few people working on it. Well, if there is a virus the becomes so big in a way that it can transfer to the others, of course, most of the people will afraid and that and do not mind our economy.

Well said mate, if the virus separated to all over the world, then for sure it would be a big disaster, it will really affect our economy, there will be no workers that will go outside, for sure they will only stay on their home.

If there will be no working anymore, then our economy will fall for sure.

Indeed, the main thing that would affect this disaster or virus are the people, that would fall our market that leads to failure on our economy. It would be hard for us to recover from the accident if the virus stays so long on our land.

There are "fears of a global pandemic", according to some media sources, but I don't think spreading panic is a good idea in this (and in any) situation. Don't listen to journalists, rather see what medical professionals say:
 

COVID-19 must be taken seriously, no doubt about that, but panic is never helpful.

Now I have a feeling that this coronavirus can actually make global economic impact, but the reason for that might be not the virus itself, but the misleading media coverage.

If epedimic cant collapse the whole humanity it cant collapse banking too

Everything is possible but that should be really extreme situation. We would need a far more serious and dangerous situation than we are having now with corona virus. If some catastophic scenario appears like plage was in middeval times or spanish flue after the world war I then humanity would really be in trouble and not only banks would be affected but every area of human activities that exist.

yeah we all are wishing for that , the recovery of all but right now i still see that the virus still continues to spread slowly on other countries including now on ours  . this trend can affect the banking system especially on those country where virus is strong  but people doesnt have a choice but to continue living  , they still work but only they are wearing mask and other apparatus for protection   . we are now on the future and people already survived harder crisis on the past so as this crises that we currently have now

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

I think it can collapse not just banks but the whole economic status of a country. If corona virus will ever infect all countries in the world (which we do not want to happen), all of our economic status will crash and we may even experience global recession. Corona virus is a deadly virus that can be transferred from one person to another with a small interval of time and we are all afraid that it will spread fast and may result to this recession. It will surely affect all countries if it ever happened.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

when many are exposed to the virus it will cause a very high sense of panic some people will certainly make the withdrawal of their assets to secure their assets so that the money in the bank will increasingly run out because many will make the withdrawal of assets.

but maybe there are still people who still let their money in the bank because they think this virus will end quickly because it has found a cure.

I am more concerned about of the world chaos such as world war rather than this kind of pandemic although it is too dangerous if human let this kind of pandemic to revolve without making a cure. If doctors and scientists found the cure already but don't want to release it yet because they want some money then the humanities is gone already.

There are worst epidemic that existed already before but the media are too fund of making it a hot topic almost everyday that it could cause a panic in almost every country. A pankc that would affect the economic of both crypto and fiat.

It can possibly can if it continue spreading. A lot of business were already affected which is the reason why stocks value are continuously dropping as time goes by with Corona virus. On the other hand it'll take a longer time to seek banking collapse as mobile banking are currently existing and cryptocurrency helps is providing the demand for online trasaction.

It can affect the bank but I don't think it will collapse it. Banks have ways to do things and they can also do online transactions even without using bitcoin or other crypto currencies. The impact of this epidemic is so huge to the country and it is not the only bank that is affected here but other establishments as well especially their economy.

right, indeed all sectors seem affected by the worldwide corona virus. but I don't think it will break the bank. The bank is a buffer for the country's economy, if the bank collapses, the country's economy collapses. and for now crypto does not play much to the economic survival of a country

That's possible but we are all aware that WHO and other world agency are doing their best to combat this epidemic, but I don't think it can collapse banking banking system, unless the virus will have no cure and become pandemic , but I'm speaking at the present situation, I read that there is now a cure for this virus, hopefully like all the other epidemic it will be wipe out.

Health crisis does affect the economy of a certain country. But it will only collapse depending on how they are going to handle the situation. There are a lot of diseases or viruses that spread in different country before like ebola, sars  but it didn't result to an economy collapse. It's because it's not only that certain country affected are the one fighting for that virus, it's the whole world. They are helping each other to find solution and cure to stop it from spreading.

Corona virus would not reach to that case because China is a powerful country and it's not that easy for their country to collapse just like that. That virus can be dangerous but everyone's taking action for that, quarantine, finding cure, and it's not actually the virus that kills thousands of people. And I think, every country have allotted funds or prepared for this kind of health issues. So this virus would not really cause a great damage to the economy especially in China.

3k is already a lot of numbers for this case and it is keep on growing globally. The world is dealing with these diseases every time and the economy takes the effect of it.

I just saw the news last time when the global and known stocks came down. That's the indication that this actually hit the economy and everyone became affected.

This Corona thing, is quite a thing right now. Well, it hardly affect a lot of people today, emotionally, physically and mentally.

Economic Threat - Given the fact/s, that emotion and mental capacity of an individual are one of the key indicator of a person's buying power. With this status, economically speaking it will have a huge impact. In stocks alone, major/minor players are affected of the downward trend. As fear is playing it hard.

Collapse of Banking/Bank Industry - I think it's far from reality. Banks will not collapse in this type of epidemic. Given that Banks has the or can make it as a advantage/s in this situation. Funding and loan are a thing in this time, as research is quite costly. 

What we are forgetting is the simple fact that corona virus is just the last string of a series of diseases in the past decade. I don't remember all diseases in the past 50 years of course but it looks like there has been a frequent outbreak of viruses all the time in the past decade and that kind of scares me.

I am sure corona will do nothing and we will recover from this very easily however do we know if this is the last one? I am pretty sure there will be some more following this and if this virus thing continues for a long time that may result with us finally reaching to a point where it would be too dangerous. I mean collapsing of the banking world would be the last thing in our minds because we may literally reach to a point where whole world is in danger of dying. That would be really scary and I am afraid we are moving towards that faster than before.

Malaria does tend to be a tropical disease. Sooo people not in the tropics tend to not fear it. It simply won’t spread  far and wide.

Corona-v can and will spread everywhere on the planet.
It is not crazy kill you dead half the world is going to die.

If it was really super deadly and infected 2/3 of us all making 1/3 of us die.

It would be a huge disaster a ww3 but in a different way.

I think a lot of the fear is was this created by evil scientists 🥼.

If it was it is a homerun.

it spreads easy strikes older people. kids under 12 don’t seem to catch it.

Many will want a shot not to catch it. Money will be made on it.

My fear is if this was a designer virus 🦠 they will come up with another in five to ten years.

I used to think that no, but now I am inclined to believe that the epidemic can somehow affect cryptocurrencies.
Indeed, thanks to the epidemic, a global financial recession can begin that will lead to the fact that people will move their assets towards cryptocurrencies in order to maintain their value, unless of course the cryptocurrency can prove to be sufficiently stable in such a period.

I believe that before but this current US stock exchange huge decline makes me think that it can affect all aspects and provably including the cryptocurrency and come to think of it we are on halving season but yet we are experience a series of dumps and maybe those things are some effect since many people cannot participate to buy since they have a threat in there country.

People will now find a way on how to move their assets without traveling as traveling increases the risk of getting infected. And one good option right now, is exploring the world of crypto.

Crypto right now is a good option if they want to transact online money transactions without traveling. Corona virus is not really a deadly virus if you know how to manage yourself not to be infected. It's not like HIV where it is contagious and deadly. So i don't think corona virus will greatly affect banking but it may somehow affect the economy of such country and result to high inflation for the basic necessities.

Virus can collapse the humanity if we continue to fail to live as a human. Banking industry is not that strong so expect that if there’s a big tragedy around the world people will panic and they will have to get their money to support their health and condition. We should learn from this current virus, start to live healthy and always protect your health so you can enjoy your life, and you can still see bitcoin to the moon.

This kind of outbreak will surely affect the economy of every country that will be hit by this kind of virus because if you are going to look on what is happening in the Wuhan right now, there city is like a ghost town which is very opposite at the time that there was no virus. I can't literally tell whether it will bring an inflation globally because if in case this virus will likely to spread all over the globe and there will no cure to it then I am pretty sure that every government will unite to find a cure to this virus.

Banking system will not collapse easily not unless all the governments will decide to remove it and will replace by digital asset in the future.

One of the popular outbreaks today is with the very popular virus today that is the coronavirus or the NCov virus this virus comes from the place of Wuhan, China because of the exotic foods that came from the bats and more. If the outbreak will continue many people getting pull out their money and transfer into different country to make sure that they are going to skip to the virus and that kind of massive action will may affective the worldwide trading of money also it will cause of bankruptcy to the community, for now, many people are making study and work together to make sure that the outbreak will be cure immediately and avoid loss of too many lives.

The situation with coronavirus is very artificially inflated. This virus is not as scary as it is presented to us. About 93 thousand were infected with this virus and more than 50 thousand have already been cured. Only a little over three thousand dead. A typical seasonal viral disease has roughly the same results. Perhaps they plan to make very good money on the coronavirus vaccine.
Of course, coronavirus cannot lead to the collapse of the banking system. She survived all the epidemics much worse than this.

I will say that a sequel of the previous crisis is a given at some point in the future, all the issues with those markets were never fixed despite many voices arguing that it was needed and that if it was delayed any kind of drive to change those markets will eventually fade away, and they were right, now things are way worse since back then since those losses were converted in national debt and if the same happened again governments will be very limited on what they can do to try to solve the crisis.

Hyperinflation only happens when a government decides to start printing money to cover their spendings, but if they don't do this then there's no hyperinflation. Economic crisis on it's own doesn't cause hyperinflation, it can devalue a national currency, but not on a scale of Venezuela or Zimbabwe. Also, there was a huge epidemic 100 years ago known as the Spanish flu, it was way more serious than the coronavirus, and as you can see, banking didn't disappear.

Its crazy that people are freaking out so much about this Corona virus. If we look at the numbers it's quite a small matter indeed!! The clickbait news media culture is very unhealthy. It seems to thrive off fear and hysteria.

Markets are dumping and Cash is King for a little while as a result. I don't think banking or fiat currencies would collapse because of this. ::)

Lots of companies are now working from home, I don’t really know if banks are going to do the same. Bank is something different , they manage money and everyday comes to pay in their money into the bank. I think what they are really going to do is to find ways to protect themselves, maybe by wearing protective clothes and gloves to prevent them from making contact with money that has been infected.

There are lots of ways that they can protect their staff from being infected by the virus. And moreover I don’t think the world is going to suffer. No matter what happens we will find a way to adapt to the changes and survive man.

Disasters and viruses will for surely gonna affect the current economy of the country because transaction might stop because of these disasters and sickness in the said country. It will stop the transaction between the other countries since they need to focus into their inside problem rather than exchanging their products outside.

Indeed. Disasters and viruses do really have a huge effect in a economy of a country through mortality, medical treatment, or effects of productivity. It could really stop every productivity and transactions in a country, that is why it is really a bad news for China to have this kind of virus in their country.

Actually it will affect almost every process or transaction happening inside and outside the country and having people stay in their homes and goes out rarely will really affect every establishments such as banks for no one can use their services offered, their ecomics will be shaken but in this times i think most countries have reserve a plan for this kind of situation so we just need to stay still and hope for stability.

In most countries companies have allowed their staffs to stay indoors and work from home and there are some places that have locked down and people are no longer permitted in those places. I don’t really know how banks in other countries are handling this issue, but as for my country, banks are still functioning and their staffs are going to work every blessed working day from Monday to Friday lol.

I don’t know if it’s really possible for them to work from home, but they are doing their best at work to prevent infection. I guess  the next 10 to 20 days will be more crucial like where global economy will head from today's state. If there will be an anti-virus of corona then I guess we can restore everything in the matter of few weeks. Let's pray for that.

I read it will take 12 to 18 months for producing proper medicine to treat corona virus so we are just in the beginning more worse situation is yet to come.But the summer might be a saviour on that the virus can no longer withstand on their own.

But I guess OP is talking about economic crisis and its already happening on most of the stock market.

Collapse of banking is not likely to occur due to endemic disease. Although the market are always affected just like what is happening now but the effect on the banking may not cause the total collapse of the banking sectors. People will still transact and most importantly, bank play a key role in containing the epidemic because through it, materials are being purchased. Also some countries that depends seriously on others might suffer more.

can be ascertained if there is an outbreak like corona today, we know that transmission is quite easy and fast with physical contact and tools that are held by the sick. it is certain to affect the economies of all countries whether affected or not. many must not be able to do any activities because they have to stay at home. resulting in trade becomes paralyzed because there is no distribution so the factory must stop. I hope this epidemic can quickly pass and life can go back to normal, and boost the disrupted economy.

Please, read reliable sources before making statements. In the recent report by the World Health Organization they say that common influenza viruses spread faster than COVID19 does.

Source: https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200306-sitrep-46-covid-19.pdf?sfvrsn=96b04adf_2



There are more than 20 vaccines in development for COVID-19 currently. Pfizer or someone else will surely find a solution soon.

This situation can affect economies, but mainly because of the news, not the virus itself. And the collapse of banking is out of the question entirely.

The way the media spread the Corona virus news it doesn't seem that big to me. The Corona virus won't collapse the bank. However, the Corona virus is already affecting the global economy. Due to various product crises, the prices of the products are increasing. Which is making it very difficult for everyone.

Coronavirus won't do it because of its low mortality rate. If it was something like ebola that is almost like a death sentence the banking would be paralyzed for sure. All sectors would!

Coronavirus will be contained because early spring in Europe and Asia is the time when people get all the throat and lung infections. It will be much easier to stop when temperatures rise.
There's no need to panic because if you're young and healthy you have less than 1% chance of dying from it. This is less than the probability of you getting cancer.

It is exactly what happens right now. Firstly, the outbreak has weakened Chinese economy. If every country's economy is connected, this accident is sufficient to the rest of the world. Corona spreading and mostly virus fear is disrupting travel activity, leading consumers and businesses to curtail demand and disrupting global and domestic supply chains. Summarize these facts and make a conclusion.

Well, I guess just a little bit cause a lot of people don't go outside the house and they won't be able to go to the bank but luckily others have already adapted the online banking nowadays so I think it's just a little bit.

According to data compiled by Johns Hopkins CSSE. there are 95000+ cases of people infected with COVID-19, I also get information about what countries have a pretty high level of damage to this case due to its relationship with the corona-v prevention system. and therefore the economic downturn and high inflation rates could have happened if people were still panicking about this case.

I also have the same opinion about the current news which scares the reader to get a lot of views and controversy. news is more likely to highlight an infected person than a person who has recovered from corona-v. moreover, that there is a possibility of healing for everyone and it depends on the immunity in the body.

Which products are you referring to? I can see no such impact of the coronavirus on food products prices neither where I live, nor in the world. Quite the contrary, prices have dropped on some Chinese products, despite the fact that there is no reason to suspect that packages from China harbor COVID-19 (https://www.health.harvard.edu/blog/as-coronavirus-spreads-many-questions-and-some-answers-2020022719004). So now I can buy my fav Chinese food cheaper. :)

In cases like this it is very important to be aware of all possible dangers, but it is also important to not exaggerate things. Panic never helps.

I'm glad you don't think that coronavirus can collapse Banking though.

Corona Virus is real serious thing. In my personal opinion--based on what's our happening now in the Philippines. The number of confirmed cases of covid-19 are rapidly increasing x2 day by day. That said, the National Region Capital of Philippines have been affected so much such the all the important events that turning out to cancellation...

However, the only way to prevent of getting infected is staying at home and the way to use bank is by online banking which a good alternate use since then.

I think there is correlation with the possibility of collapse for banking when it comes to epidemic diseases, but that is a far fetch possibility from happening right now, given that the government are doing what they can to prevent the further spread of these diseases. Collapse can happen but humanity are fighting to prevent that.

Of course, you can think of it by simple logic. If there is a pandemic (Corona virus in this case) happening what tend to happen is that most of countries will freeze. Different industries will be forced to stop and will later result to economic crisis.
Expect the worse dude :(. Inflation is just the beginning, what I'm scared of is if we reach the point where each and everyone become insane because of scarcity. The moment when people have no choice but to rob, deceived others and even kill just to acquire their necessities. Eeehh I don't know how severe the situation in China is, but I hope it will calm down ASAP.

- Pandemics have always had a negative effect on most fields, so more or less, the current corona virus will have a big impact on the services that banks provide but about the collapse, I agree with you that it will be a vision in the distant future because this epidemic is only temporary, it will delay banking services for several months or maybe longer but never forever. Governments of nations cannot let epidemics ruin their economies, we can see that the measures and research on medicines are in a hurry, banking activities will recover soon and no collapse is expected here

I think it's a yes it will affect the banking system because eventhe cryptocurrencies are affected globally but not just the corona virus or other epidemic disease will affect the banking system or the cryoptocurrensy even the other Holly days will affect the banking system

Economic slowdown: yes;
Recession: high probability;
Depression: if recession is not managed properly.

C'mon man, if banks collapse, crypto would be collapse (in term of dollar price) as well. You should buy canned foods or toilet paper instead.

The Corona impacts the market negatively, we see it right now. Banks leveraged exposure may be the reason for 2020 turning to be new 2008.

Corona virus or any epidemic diseases could not only collapse banking but every productivity that is happening in this world that it could stop due to community quarantine and lock downs in other countries because exporting and delivering goods will closed.. Diseases may really cause economic losses in feedlots through mortality, productivity of basic needs.

Banks won't have problem, the central bank is sure to print helicopter money to bail out any of them. But the problem is with all the other people: If you can not go to work, you have no income, unless the government bail out you, you will not be able to pay back the house loan and deal with the living cost. And many people are living from pay check to pay check.

I don’t think that any epidemic or even Coronavirus can stop banking.
Even right now that there is an outbreak of Covid-19 a lot of companies have asked their employees to start working from their homes, and banks are not an exclusion, in fact JP Morgan has asked thousands of their employees to be working from home.

In every company it’s not really everyone that are asked to work from home, there are still some of the employees that their jobs requires them to be coming to the office, but they would not be spending as much time as they used to do before now.

I agree, there will be no winners in the case of a global depression. People should understand that this is no post apocalyptic computer quest game, it's real life and it's serious. If banking system collapses, what awaits all of us very soon is chaos. And if someone now is saying that he is not afraid of chaos, that is because he has been living all his life under protection of government, having no idea what is it to live by the law of the jungle.

The global pandemic will definitely give a negative outcome to the economy as it leads to lockdown and shutting down of different companies for the safety of everyone. As production in different terms ends up stopping, the value of a certain currency would go down for sure as the resources, imports and exports would decrease also. Any global phenomena can collapse banking and the economy. The system of the world needs to keep on working everyday so things wouldn't go out of hand. We need to set ourselves ready for the possible depression the world may experience for the next few months as the effects of the outbreak shows up.

I doubt it very much.
The fact is that if it were a banking system exclusively in the physical world, then perhaps a reduced number of contacts from the system could somehow affect its operation.

However, now we can see that almost the entire banking system goes digital.

From this we can conclude that an epidemic of this kind will only accelerate the transition of financial systems to the digital environment.

The onset of the global economic crisis after the coronavirus spreads all over the planet is entirely possible. Now many enterprises are stopping, the economy of almost all countries continues to fall, and this could lead to a crisis. However, no matter how the crisis occurs, it cannot completely destroy the entire banking system. Of course, many banks will go bankrupt, but the banking system will continue to exist, since it will be supported by the states themselves. In fact, the banking system is part of the state; the state cannot fully exist without the banking system. Therefore, banks existed and will exist for now.

The future is digital and not all counties have the facilities and infrastructure setup for going digital . In fact in rural areas of many countries still lack basic facilities and internet not their . Only developed countries has this and may be developing ones have to an extent rest still people have to go to banks to withdraw or deposit and for other transactions. Hopefully it would change in due course .

It can't collapse banking, but it can make a huge damage to the system. Banking is what normal people need and I think with this pandemic banking profit and it's other operation is getting cancelled due to the crisis and a lot of people are going to lose money. Here our country the bank here are still open but they are limiting the customer who ca enter their establishment. We are in the middle of implementing digital banking so still a lot of people use the digital one.

Every aspect of the economy; this pandemic is causing a lot of damage but, I don't think it can collapse any sector of it.

of course if the plague continues and lasts a long time it will greatly impact the economy, even now there is news that says 80% of patients have recovered in China and have started their activities as usual.
then in other countries this is still the beginning, where prices for staples or things related to this virus go up very high like masks.
So the rumor that the virus will be completely solved in June might be true and maybe a little longer.

The economic impact of this pandemic is already huge, but the banking system is intact, fortunately. Few people, if any, would profit from its collapse.

As for when things will start to improve, I think it can take a month or two, but hardly more than that. These days it's very important to stay out of panic, keep calm, and keep the quarantine, of course.

Yes, there is do doubt that COVID-19 has collapse all sector not only in banking sector. We saw after Chaina attack by COVID-19 whole world stock exchange rate gone down because Chaina was connect to whole world economy with their products or raw materials. And here banking connectivity is high also. So now we are seeing full crush of banking and economy.

The banking system is not completely intact, it has received some relatively large influence during this period although it is still operating, the most visible thing is that people are constantly withdrawing the money they have saved to spend during the time they are off work, the capitalization that can be transferred in banks is probably not too much, some loans and investments may be delayed, causing considerable losses. A few months of improvement may not be enough, the bank will take more time but now, as you say, what we should be concerned about is stabilizing health.

The banking system has also been affected in one way or another. In most countries which have affected seriously with the pandemic, banks are having the worst time too. Not certainly related but you have to check this I think- https://cointelegraph.com/news/italian-bank-opens-bitcoin-trading-to-12-million-during-lockdown This must have some connection with the Pandemic.
Locking the thread, it's getting more and more spam now.