cFinancial Challenges and Coping Mechanisms Among Filipino Parents

Members:
Certeza - 95/95
Coquilla - 95/95
Castillo - 75/95
Manalo - 85/95
Molleno - 80/95
Jamboy - 95/95
Ocampo - 95/95 (Graded by the members)
Rosell - 95/95
Fajardo - 95/95

No. Year Author Title Publications Findings

1 2019 Bischof, Accounting for Bischof, J., This paper investigates what we
Jannis; Laux, financial Laux, C., & can learn from the financial crisis
Christian; stability: Leuz, C. (2019). about the link between
Leuz, Lessons from Accounting for accounting and financial stability.
Christian the financial financial The picture that emerges ten years
crisis and future stability: after the crisis is substantially
challenges Lessons from different from the picture that
the financial dominated the accounting debate
crisis and future during and shortly after the crisis.
challenges. Widespread claims about the role
SSRN of fair-value (or mark-to-market)
Electronic accounting in the crisis have
Journal. been debunked. However, we
identify several other core issues
Doi: for the link between accounting
https://doi.org/1 and financial stability. Our analysis
0.2139/ssrn.339 suggests that, going into the
3148 financial crisis, banks’ disclosures
about relevant risk exposures were
relatively sparse. Such disclosures
came later after major
concerns about banks’ exposures
had arisen in markets. Similarly,
banks delayed the recognition
of loan losses. Banks’ incentives
seem to drive this evidence,
suggesting that reporting discretion
and enforcement deserve careful
consideration. In addition, bank
regulation through its
No. Year Author Title Publications Findings

interlinkage with financial

accounting may have dampened
banks’ incentives for corrective
actions. Our analysis illustrates that
a number of serious challenges
remain if accounting and
financial reporting are to contribute
to financial stability.

2. 2022 Christopher The response of Caboverde, C. No basic good is more politically

Ed inflation and E., & Romero, sensitive for the Philippine
Caboverde, other R. Y. (2022). government and more important to
Regina macroeconomic The response of the Filipino diet than rice,
Yvette variables to inflation and overshadowing other staple crops
Romero global rice price other of precolonial Philippine societies
shocks: A macroeconomic such as yam and taro. This means
structural vector variables to that both the government and the
autoregressive global rice price Filipino public at large see the
(SVAR) analysis shocks: A importance of maintaining this
structural vector paper examines banks' disclosures
autoregressive and loss recognition in the financial
(SVAR) crisis and identifies several core
analysis. SSRN issues for the link between
Electronic accounting and financial stability.
Journal. Our analysis suggests that, going
into the financial crisis, banks'
Doi: disclosures about relevant risk
https://doi.org/1 exposures were relatively sparse.
0.2139/ssrn.420 Such disclosures came later after
0200 major concerns about banks'
exposures had arisen in markets.
Similarly, the recognition of loan
losses was relatively slow and
delayed relative to prevailing
market expectations. Among the
rice stability of basic goods. One
way that the Bangko Sentral ng
Pilipinas’ (BSP) ensures price
stability is using inflation targeting,
wherein it announces a target
range of inflation rates that the
country needs to achieve to
maintain price stability. Relative to
those in developed economies,
monetary policies in developing
economies, including the
Philippines are also not as
extensively studied. With all these
things in mind, this paper aims to fill
No. Year Author Title Publications Findings
in a research gap and contribute to
literature by analyzing using SVAR
the response of inflation to global
rice price shocks covering the years
2002 to 2018. The authors found
that there is indeed an increase in
inflation whenever positive shocks
in global rice prices occur. Other
findings include the decrease in
output and the depreciation of the
Philippine peso whenever there are
global rice price shocks. This paper
suggests ways to insulate the
Philippines from GRP volatility such
as increasing mechanization of
Philippine agriculture; promoting of
the production and consumption of
more-climate resilient crops such
as cassava, saba banana, taro,
yam, and sweet potato; and
shortening the gap between GRP
shocks and RRP
increases.channel, the exchange
rate affects the price of imported
goods. The price of imported goods
not only affects the demand for
imported goods with respect to
domestic goods but also affects
inflation as higher prices of
imported intermediate goods lead
to more expensive final outputs
(Svensson, 1999).
3. 2020 Sherwin T. IMPACT OF Journal of This study analyzed the impact of
Natividad INFLATION ON Critical Reviews inflation on stock market
STOCK Vol 7, Issue 13, performance in the Philippines
MARKET 2020 using a time series data for five
PERFORMANC years from 2014-2018 obtained
E IN THE URL: from the Bangko Sentral ng
PHILIPPINES https://www.res Pilipinas. The Spearman Rank
earchgate.net/p Order Correlation was used to
ublication/35681 determine the relationship between
6244_IMPACT_ inflation and the stock market. The
OF_INFLATION result showed that negative and
_ON_STOCK_ positive relationship exists in some
MARKET_PER categories in terms of value and
FORMANCE_IN volume traded. Investors may
_THE_PHILIPPI invest in the stock market to hedge
NES the risk of rising inflation because
No. Year Author Title Publications Findings

no significant relationship was

found in the majority of the
categories in the stock market.
4 2019 Alviar, "Financial Alviar, L. C., This study examined the financial
Banzon, and stress and Banzon, E. P., & stress and coping mechanisms
Padilla coping Padilla, C. D. used by Filipino college students.
mechanisms (2019). The study found that financial
among Filipino Financial stress stress was a significant concern for
college and coping many college students, and that
students" mechanisms they used various coping
among Filipino mechanisms such as seeking
college emotional support, engaging in
students. positive self-talk, and engaging in
International religious activities to deal with
Journal of financial stress. This study could be
Innovation, relevant to the current research in
Creativity and exploring coping mechanisms used
Change, 6(4), by parents.
1-18.

https://ijsrm.in/in
dex.php/ijsrm/ar
ticle/view/1379/
1298
No. Year Author Title Publications Findings

5 2019 Stevens, "Exploring the Stevens, T., This study examined the
Murphy, and Relationship Murphy, M., & relationship between parental
McKnight Between McKnight, K. financial stress and parenting
Parental (2019). behaviors. The study found that
Financial Stress Exploring the financial stress had a negative
and Parenting" Relationship impact on parenting behaviors,
Between including decreased warmth and
Parental increased use of harsh discipline.
Financial Stress This study could be relevant to the
and Parenting. current research in exploring the
Journal of Child impact of financial stress on
and Family parenting and family dynamics.
Studies, 28(4),
938-950.

https://link.sprin
ger.com/article/
10.1007/s10935
-019-00573-9

6 2019 Garces and "Financial Garces, E., & This study examined the
Bote Literacy, Bote, M. (2019). relationship between financial
Financial Financial literacy, financial behaviors, and
Behaviors, and Literacy, financial well-being among young
Financial Financial adults in the Philippines. The study
Well-Being Behaviors, and found that financial literacy was
Among Young Financial positively related to financial
Adults: Well-Being behaviors, and that financial
Evidence from a Among Young behaviors were positively related to
University in the Adults: financial well-being. This study
Philippines" Evidence from a could be relevant to the current
University in the research in exploring the role of
Philippines. financial literacy in helping parents
Asia Pacific cope with financ challenges.
Journal of
Education, Arts
and Sciences,
6(3), 89-98

https://papers.s
srn.com/sol3/pa
pers.cfm?abstra
ct_id=3381081

7 2020 Basilio and Impact of Basilio, J. R. The paper uses disaggregated

Cacnio Relative Price and Cacnio, FC. price data to determine whether the
Changes and Q., Impact of higher moments of the distribution
Asymmetric Relative Price of relative price changes provide
No. Year Author Title Publications Findings

Adjustments on Changes and information on the adjustments and

Aggregate Asymmetric persistence of aggregate price
Inflation: Adjustments on conditions in the Philippines. It
Evidence from Aggregate takes into account the changes that
the Philippines Inflation: occurred in relative price
Evidence from movements between the
the Philippines pre-inflation targeting (ie
(March 25, 1994–2001) and inflation targeting
2020). BIS (ie 2002–September 2019) periods.
Paper No. 111k, Results indicate that the dispersion
Available at of relative price changes and the
SSRN: skewness of their distribution are
https://ssrn.com positively related to movements in
/abstract=35760 short-run inflation. Moreover, price
71 adjustments are observed to be
asymmetric, which can have
significant effects on short-run
inflation.

8 2022 Salazar A Systematic Salazar, This study intends to evaluate the

Literature Robnico M., A tradeoff between employment and
Review of the Systematic inflation and how it affects the
Tradeoff Literature market economy as well as the
Between Review of the factors and elements influencing
Employment Tradeoff employment and inflation. A
and Inflation Between systematic review without
and How It Employment meta-analysis was followed in
Affects the and Inflation documenting this study. The data
Market and How It source used to obtain relevant data
Economy Affects the and information was a variety of
Market articles, studies, and literature.
Economy (May Higher inflation would have an
25, 2022). indirect negative impact on job
Available at creation in the long run, indicating
SSRN: that lower inflation is preferable.
https://ssrn.com While there was no strong evidence
/abstract=41195 of a short-run positive effect of
07 or inflation on job creation, the
http://dx.doi.org/ undeniable long-run negative
10.2139/ssrn.41 impact should deter policymakers
19507 from attempting to exploit any
potential short-run trade-off.
Exchange rates, money supply, fuel
prices, and gold prices all have a
significant impact on inflation.
No. Year Author Title Publications Findings

9 2022 Kwang Lin Evaluating Wong, Kwang In the age of financialization, retail
Wong, Digital Retail Lin and Loh, investment is a crucial strategy for
Yvonne Investment As A Yvonne Ai-Chi protection of individual assets to
Ai-Chi Loh, Tool To Improve and Hardoon, ensure financial security. This
and David R. Financial David, paper evaluates the potential of
Hardoon Well-Being In Evaluating mass retail investment as a tool to
The Philippines. Digital Retail drive financial inclusion in the
Investment As A context of the Philippines. By
Tool To Improve reviewing the landscape of financial
Financial markets in the Philippines and
Well-Being In consumer behavior, we suggest
The Philippines that retail investment services may
(Jan 11, 2022). be important for the emerging
Available at middle class in the country to
SSRN: improve financial well-being and
https://ssrn.com enhance longer-term financial
/abstract=41179 security. This is an area that shows
97 or promising growth, especially with
http://dx.doi.org/ the rise of digital financial platforms
10.2139/ssrn.41 in Asia. It is imperative that the
17997 proliferation of these services is
accompanied with effective
education and financial literacy. We
analyze key barriers to investment
and propose concomitant
interventions to promote greater
access to and awareness of retail
investment services. Policy
strategies are proposed to increase
consumers’ confidence in retail
investing.

10 2021 Cyrus FINANCIAL Casingal, Cyrus This study analyzed the Philippine
Casingal and LITERACY and Inero public school teachers’ financial
Inero Ancho CHALLENGES: Ancho. 2021. literacy
THE CASE OF Financial challenges. The data and results
FILIPINO Literacy were gathered through online
PUBLIC-SCHO Challenges: survey questionnaires and
OL TEACHERS The Case of focused group discussions
Filipino conducted in the school year
Public-School 2019-2020. Twelve participants
Teachers. contributed to the FGD, while a
Jurnal Aplikasi total of 325 teacher respondents
Manajemen, answered the online
Volume 19,
Num-
No. Year Author Title Publications Findings

ber 4, Pages survey questionnaires. The results

715–724. showed that the majority of the
Malang: public-school teachers
Universitas are struggling financially. That
Brawijaya. results in a controlled and limited
http://dx.doi.org/ financial lifestyle. More-
10.21776/ over, teachers unconsciously
ub.jam.2021.01 practice informal debt, which
9.04.02 causes uncontrolled debt. Without
proper knowledge and education to
financial literacy, borrowing money
becomes a lifestyle
of every teacher in the country.
Based on the findings, a financial
literacy program must be
included in every in-service training
or division-wide teachers’ mass
gathering. The finan-
cial literacy program may be
implemented by all participating
schools where the study was
conducted. Future research related
to financial literacy programs may
be conducted in
basic education, colleges, and
universities following the method
used in this study

11 2020 Alvin Gino M. Life Challenges Bautista, Alvin Overseas Filipino Workers (OFWs)
Bautista and of Overseas Gino & Bautista, have been hailed by the Philippine
Vladimir T. Filipino Workers M & Tamayo, government as “New Heroes”
Tamayo Vladimir. (2020). (Uy-Tioco, 2007) [1]. Having big
Life Challenges houses, farms, cars, jewelry, and
of Overseas other signs of richness are common
Filipino to many Overseas Filipino Workers
Workers. (OFW) who are employed in
OALib. 7. 6854. different parts of the world. Working
10.4236/oalib.1 as an OFW is not always perfect as
106854. what is expected. The truth is that,
they are also facing different
challenges aside from leaving their
families in the Philippines to have a
better future. Communication,
finances, and life and work
environment are only some of those
challenges they encounter. This
research was made to evaluate the
No. Year Author Title Publications Findings

life challenges of selected overseas

migrant workers. The 850 selected
OFWs all around the world were
the respondents of this study. The
generality of this current study
would be a great contribution to the
huge knowledge concerning the
challenges faced by Overseas
Filipino Workers. The results of this
study could be extremely significant
and beneficial specifically to the
following: Overseas Filipino
Workers. The outcome of this
research study will definitely
produce essential information about
the life challenges of every
Overseas Filipino Worker, which
might be a great support to the
respondents in understanding
themselves and their fellow OFWs
who are also facing the same
scenarios. Through the assistance
of the recommendations of the
researchers, it can also help them
lessen their problems like in
finances, homesickness or job
burnout, “job burnout is an
uncomfortable and unhealthy
disorder that would like to improve
for both individuals and
organizations” (K. E. Santos, 2020)
[2], and be able to know what to do
and who can talk to in case that
they feel problematic while they are
miles away from home. Families of
the Overseas Filipino Workers: The
results of this study will help them
understand their family member’s
situation while working abroad and
appreciate their efforts in
supporting their families. SSS,
PhilHealth, POEA, and OWWA:
The results of this study will help
these agencies strengthen their
services for the welfare, security,
and benefits of the OFWs. Future
Researchers: This will also be
useful to the future and aspiring
No. Year Author Title Publications Findings

researchers to plan and create

pertinent results to their studies
similar to this current study. The
researchers used a set of survey
How to cite this paper: Bautista,
A.G.M. and Tamayo, V.T. (2020)
Life Challenges of Overseas
Filipino Workers. Open Access
Library Journal, 7: e6854.
https://doi.org/10.4236/oalib.110685
4 Received: September 22, 2020
Accepted: October 16, 2020
Published: October 19, 2020
Copyright © 2020 by author(s) and
Open Access Library Inc. This work
is licensed under the Creative
Commons Attribution International
License (CC BY 4.0).
http://creativecommons.org/license
s/by/4.0/ Open Access A. G. M.
Bautista, V. T. Tamayo DOI:
10.4236/oalib.1106854 2 Open
Access Library Journal
questionnaires in gathering
pertinent data. The questionnaires
were disseminated via an online
Google survey form sent to the
respondents. After all the data
needed were gathered, the
frequencies of answers in each
question were tallied and their
percentage and weighted mean
were obtained. It was concluded
that Overseas Filipino Workers
were facing different challenges
while doing their respective job
abroad. However, they can assure
that the Philippine government
supports and protects them even
they were not in the Philippines.

12 2022 Basilio and Insights on Cacnio, F. C., & The study contributes to the
Cacnio inflation Basilio, J. literature on expectations by
expectations in (2022). Insights providing insights on household
the Philippines on inflation expectations from an emerging
from a expectations in market and inflation targeting
household the Philippines country like the Philippines. Using
survey from a the results of the Consumer
No. Year Author Title Publications Findings

household Expectations Survey (CES), a

survey. The quarterly household survey
Philippine conducted by the Bangko Sentral
Review of ng Pilipinas (BSP), the study is the
Economics, first to look at the characteristics
59(2), 81-110. and determinants of household
https://doi.org/1 inflation expectations in the
0.37907/3erp22 Philippines at a granular level.
02d Results show that survey-based
household expectations in the
country are not rational. Filipino
households exhibit an upward bias
in their forecast of future inflation
and they tend to rely more on
information about past inflation to
form their expectations.
Nonetheless, in recent years,
households have started to
incorporate information about future
outcomes in their inflation
expectations process. To determine
the factors that drive household
expectations in the Philippines,
aggregated (i.e., time series) and
disaggregated (i.e., pooled data)
data from CES quarterly survey
rounds between 2010 and 2020 are
used on a standard inflation
expectations model. Empirical
results point to a significant effect of
income conditions, perceptions on
economic and financial conditions,
the inflation target, and
demographic factors (e.g.,
educational attainment, marital
status) on the formation of
household expectations in the
Philippines. Based on the findings
and observations, the study draws
insights for central bank
communication strategy, particularly
in influencing household
expectations.

13 2019 Hakkon Kim, Financial crisis, International Using a sample of commercial

Jonathan A bank Review of banks based in OECD countries,
Batten, diversification, Economics & we investigate the effect of bank
Doojin Ryu and financial Finance diversification on financial stability
No. Year Author Title Publications Findings

stability: OECD and find a significantly nonlinear

countries (i.e., inverted U-shaped)
relationship. These findings
suggest that a moderate degree of
bank diversification increases bank
stability, but excessive
diversification has an adverse
effect. Furthermore, we find that
this relationship has a temporal
dimension. For example, bank
diversification decreased the
variance of bank stability prior to
the financial crisis but increased its
variance during the crisis. Thus,
during crisis periods, it is better for
banks to concentrate on traditional
intermediation functions (i.e.,
deposits and loans) rather than
diversifying their activities and
investments. Further, the results
suggest that although most
regulators worldwide encourage
diversification to reduce bank risk,
bank diversification may exacerbate
bank financial instability or increase
the risk of financial market collapse
when idiosyncratic events, such as
financial crises occur.

14 2021 Chunlei Global Financial Wang C, Wang This present study primarily
Wang, Dake Crisis, Smart D, Abbas J, emphasizes to seek the COVID-19
Wang, Jaffar Lockdown Duan K and adverse impacts posing health
Abbas, Strategies, and Mubeen R challenges and global economic
Kaifeng Duan the COVID-19 (2021) Global crisis. The pandemic (COVID-19)
and Spillover Financial Crisis, continues to hit the global
Impacts: A Smart economies adversely. Pakistan is
Global Lockdown the 5th-most-populous nation, and
Perspective Strategies, and recorded positive cases with the
Implications the COVID-19 third-highest positivity ratio in South
From Southeast Spillover Asia, and 26th-highest deaths toll
Asia Impacts: A of 21,450 and 29th number of most
Global COVID-19 positive cases with
Perspective 933,750 worldwide, as of June 6,
Implications 2021. The first wave appeared at
From Southeast the end of May 2020, and mid of
Asia. Front. June reported its peak, which
No. Year Author Title Publications Findings

Psychiatry ended by mid-July 2020. Early

12:643783. doi: November 2020 witnessed the
10.3389/fpsyt.2 second wave with low intensity
021.643783 reached the climax by
mid-December. The COVID-19's
third wave severely affected the
country during mid-March 2021. It
exhibited the highest positivity rate,
around 20%. New positive patients
and deaths toll commenced to
skyrocket and reported peak by
April 15, 2021. Then situation
gradually improved with effective
measures and restrictions. The
pandemic coronavirus (COVID-19)
has affected 220 territories,
regions, and countries and resulted
in more than 174.116 million
infections, deaths, 3.75 million, and
157.157 million positive cases fully
recovered from this infectious
disease, as of June 7, 2021. The
pandemic has caused a severe
crisis of healthcare facilities and
economic challenges worldwide.
Pakistani economy reported GPD's
negative growth (–0.05) for the first
time over the last 60 years in 2020,
which caused a massive financial
crisis. The Government's relief
package intervened to reduce
public mental stress and improve
the quality of their lives. IMF
reported that Pakistan's GPD
bounced back at 4% growth by
June 2021. This article determines
that economic instability and health
burden happened in Pakistan for a
longer time than financial
disequilibrium that occurred
globally. Pakistan encountered this
crisis due to its feeble healthcare
systems and fragile economy. This
study explores adverse health
issues and spillover consequences
on the economic crisis in Pakistan
with global implications. It
recommends smart lockdown
No. Year Author Title Publications Findings

restrictions in most affected areas

to reopen the economic cycle with
strict preventive measures to
minimize the COVD-19 adverse
consequences.

15 2021 Hsuan-Chi Global financial Anderson We study industrial reactions to

Chen and crisis and School of both the global financial crisis of
Chia-Wei Yeh COVID-19: Management, 2008 and the COVID-19 pandemic.
Industrial University of Although most industries in the U.S.
reactions New Mexico, suffered from the two events, the
Albuquerque, stock performance of most
NM 87131, USA industries started to recover
b following the announcements of
Department of quantitative easing. Our results
Banking and indicate that quantitative easing is
Finance, effective in boosting investor
National Chi confidence. We also find that the
Nan University, effect of quantitative easing in 2020
Nantou County on stock performance is more
545, Taiwan significant for the industries that are
more affected by the pandemic.

16 2022 Samet The source of College of This study investigates the reaction
Gunay, financial Business of stock markets to the Covid-19
Gokberk Can contagion and Administration, pandemic and the Global Financial
spillovers: An American Crisis of 2008 (GFC) and compares
evaluation of University of the their influence in terms of risk
the covid-19 Middle East, exposures. The empirical
pandemic and Egaila, Kuwait investigation is conducted using the
the global modified ICSS test, DCC-GARCH,
financial crisis and Diebold-Yilmaz connectedness
analysis to examine financial
contagion and volatility spillovers.
To further reveal the impact of
these two crises, the statistical
features of tranquil and crisis
periods under different time
intervals are also compared. The
test results show that although the
outbreak’s origin was in China, the
US stock market is the source of
financial contagion and volatility
spillovers during the pandemic, just
as it was during the GFC. The
propagation of shocks is
considerably higher between
No. Year Author Title Publications Findings

developed economies compared to

emerging markets. Additionally, the
results show that the COVID-19
pandemic induced a more severe
contagious effect and risk
transmission than the GFC. The
study provides an extensive
examination of the COVID-19
pandemic and the GFC in terms of
financial contagion and volatility
spillovers. The results suggest the
presence of strong co-movements
of world stock markets with the US
equity market, especially in periods
of financial turmoil.

17 2020 Eleanor The long-term Volume 67, This study investigates the
Jawan effect of labor December long-term effects of initial labor
Choi,Jaewoo market entry in 2020, 101928 market conditions by comparing
Choi, Hyelim a recession; cohorts who graduated from
Son evidence from The long-term college before, during, and after the
asian financial effects of labor 1997–1998 Asian financial crisis in
crisis market entry in South Korea. They measure the
a recession: overall welfare effect by examining
Evidence from their labor market activities, family
the Asian formation, and household finances.
financial crisis - Using data from 20 waves of the
ScienceDirect Korean Labor and Income Panel
Study, we find a substantial and
persistent reduction in employment,
earnings, marriage, fertility, and
asset building among men who
graduated during the recession. For
women, limited job opportunities at
graduation resulted in an increase
in childbearing. We also find
evidence that family provides a
risk-sharing mechanism for
recession graduates. Our results
suggest that labor market entry in a
large-scale recession has
prolonged effects on a young
worker’s life course even after the
penalties in the labor market have
disappeared.

18 2019 World Bank Bank regulation GLOBAL a decade has passed since the
and supervision FINANCIAL collapse of the U.S. investment
No. Year Author Title Publications Findings

a decade after DEVELOPMEN bank, Lehman Brothers, marked

the global T REPORT the onset of the largest global
financial crisis DEC 2019 economic crisis since the Great
Global Financial Depression. The crisis revealed
Development major shortcomings in market
Report discipline, regulation and
2019/2020: supervision, and reopened
Bank important policy debates on
Regulation and financial regulation. Since the onset
Supervision a of the crisis, emphasis has been
Decade after placed on better regulation of
the Global banking systems and on enhancing
Financial Crisis the tools available to supervisory
| Global agencies to oversee banks and
Financial intervene speedily in case of
Development distress. Drawing on ten years of
Report data and analysis, Global Financial
(worldbank.org) Development Report 2019/2020
provides evidence on the regulatory
remedies adopted to prevent future
financial troubles, and sheds light
on important policy concerns. To
what extent are regulatory reforms
designed with high-income
countries in mind appropriate for
developing countries? What has
been the impact of reforms on
market discipline and bank capital?
How should countries balance the
political and social demands for a
safety net for users of the financial
system with potentially severe
moral hazard consequences? Are
higher capital requirements
damaging to the flow of credit? How
should capital regulation be
designed to improve stability and
access? The report provides a
synthesis of what we know, as well
as areas where more evidence is
still needed

19 2022 Khurram Covid-19 LABOUR This investigation employed the

Shejzad, Liu Disasters are ECONOMICS Asymmetric Power GARCH model
Xiaoxing,Hayf perilous than Dec 2020 and found that COVID-19
a kazouz global financial substantially harms the US and
crisis; a rumor COVID-19’s Japan's market returns. Moreover,
or fact disasters are COVID-19 has influenced the
No. Year Author Title Publications Findings

perilous than variance of the US, Germany, and

Global Financial Italy's stock markets more than the
Crisis: A rumor Global Financial Crises (GFC).
or fact? - However, GFC indicated a more
ScienceDirect significant impact on the financial
volatility of the Nikkei 225 index
and SSEC than COVID-19. The
study confirmed the leverage effect
for the S&P 500, Nasdaq
Composite Index, DAX 30, Nikkei
225, FTSE MIB, and SSEC. The
analysis authenticated that the
health crisis that befell due to
COVID-19 have imperatively
originated the financial crisis
globally; however, the Asian
markets still make available better
prospects for portfolio optimization.

20 2021 Stephen Inang Tatay: Vol-7 Issue-1 This study aims to describe the
Ryan Garcia, The Journey of 2021 lived experiences, challenges and
Winglet Single Moms IJARIIE-ISSN(O coping mechanisms of single moms
Celysse Lim, Amidst )-2395-4396 during the COVID 19 pandemic.
Princess Kim COVID-19 The study shows how a single
Pascua, Pandemic DOI: parent, usually a mother supports
Marco Paolo Stephen Ryan her child while doing it all alone.
Santiago, Garcia, Winglet Solo parents are likely to make
Jhoselle Tus Celysse Lim, twice as much effort as they can to
Princess Kim make enough money for their kids.
Pascua, Marco The working poor is the individuals
Paolo Santiago, who are either partnered or not.
Jhoselle Tus. These people spend 27 weeks or
(2021). Inang more (either employed or actively
Tatay: The seeking work) and yet have an
Journey of income below the poverty level.
Single Moms Parenting, mainly when you have to
Amidst go it alone, is hard work. As social
COVID-19 expectations and family values
Pandemic. alter, single mothers are a
ResearchGate | fast-growing segment of the
Find and share population. There are several
research. problems that single mothers
https://www.res typically face that are unique to
earchgate.net/pr their circumstances in terms of
ofile/Jhoselle-Tu work, finances, child development,
No. Year Author Title Publications Findings

s/publication/34 and discrimination. The findings of

9089036_Inang this study are laid out in themes
_Tatay_The_Jo found within the interview of each
urney_of_Single participant. These findings are
_Moms_Amidst organized with five different
_COVID_19_Pa sections that cover various aspects
ndemic/links/60 of single parenting. These aspects
1f0d2a299bf1cc include their challenges, providing
26abf886/Inang- the child’s needs, parenting styles,
Tatay-The-Journ government benefits, and
ey-of-Single-Mo discriminations toward single
ms-Amidst-COV parenting.
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21 2021 Eunica B. Phenomenology KOLOKIUM This phenomenological study

Sicam, of Parenting Jurnal sought to explore the lived
Marianne D. while Schooling Pendidikan Luar experiences of student mothers
Umawid, among Filipino Sekolah enrolled in a Philippine higher
Jhonnabhelle College Student http://kolokium.p education institution situated in the
D. Colot , Mothers in the pj.unp.ac.id/ province. Participants were
Januard D. Province Jurusan determined using a purposive
Dagdag, Pendidikan Luar sampling technique with the
Ciptro Sekolah following criteria: currently enrolled
Handrianto Fakultas Ilmu in the higher education institution;
Pendidikan has at least a child; 20 years old or
Universitas above.From the thematic data
Negeri Padang analysis, four major themes were
Sumatera Barat, revealed: (1) challenges faced by
Indonesia student mothers; (2) advantages of
Volume 9, being a student mother; (3)
Nomor 2, 2021 managing time in dual roles; and
DOI: (4) support by others. The student
mothers face challenges in
performing their dual role such as
DOI: Eunica B. bullying, time management, and
Sicam, financial problem. The student
Marianne D. mothers, however, get source of
Umawid, inspiration, respect, school
Jhonnabhelle D. excuses, and important lessons in
Colot, Januard life.
D. Dagdag,
Ciptro
No. Year Author Title Publications Findings

Handrianto.
(2021, October,
15).
Phenomenology
of Parenting
while Schooling
among Filipino
College Student
Mothers in the
Province.
ResearchGate |
Find and share
research.
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22 2022 Junjun A Descriptive Human This paper investigated the

Amparo Phenomenologi Behavior, financial status of Overseas Filipino
cal Analysis of Development Workers (OFWs) in Thailand. The
the Financial and Society purpose of the study was to
Blueprints and E-ISSN understand the common financial
Coping 2651-1762, challenges that OFWs face,
Mechanisms of examine their current economic
Overseas blueprints, analyze their financial
No. Year Author Title Publications Findings

Filipino Workers Vol 23 No 2, coping mechanisms, and come up

in Thailand August 2022 with a financial literacy guidebook.
This study was collected from
DOI: informants who had lived in
Junjun Amparo. Thailand for more than eight years.
(2022, August). Five themes emerged from the
A Descriptive analysis: financial mistakes, debt
Phenomenologi management and budgeting,
cal Analysis of savings and emergency funds,
the Financial insurance and investment, and
Blueprints and financial retirement plans. The
Coping results also revealed an alarming
Mechanisms of deficiency of financial intelligence
Overseas among most OFWs in Thailand.
Filipino Workers Likewise, the results of this study
in Thailand. showed many unforeseen problems
file:///D:/Downlo and challenges that significantly
ads/8.+Oversea entangled many OFWs in poverty.
s+Filipino+-+Edi Lastly, this study has significant
ted+by+HBDS.p implications on the financial
df mindset of Filipino workers.who
trade their time, health, and effort
for hard-earned money abroad.

23 2021 Cyrus FINANCIAL Journal of This study analyzed the Philippine

Casingal,Iner LITERACY Applied public school teachers' financial
o Ancho CHALLENGES: Management literacy challenges. The data and
THE CASE OF (JAM) results were gathered through
FILIPINO Volume 19 online survey questionnaires and
PUBLIC-SCHO Number 4, focused group discussions
OL TEACHERS December 2021 conducted in the school year
Indexed in 2019-2020. Twelve participants
DOAJ - contributed to the FGD, while a
Directory of total of 325 teacher respondents
Open Access answered the online survey
Journals, ACI - questionnaires. The results showed
ASEAN that the majority of the
Citation Index, public-school teachers are
SINTA - struggling financially. That results in
Science and a controlled and limited financial
Technology lifestyle. Moreover, teachers
Index, and unconsciously practice informal
Google debt, which causes uncontrolled
Scholar. debt. Without proper knowledge
and education to financial literacy,
DOI:10.21776/ub borrowing money becomes a
.jam.2021.019.0 lifestyle of every teacher in the
4.02 country. Based on the findings, a
No. Year Author Title Publications Findings

financial literacy program must be

included in every in-service training
or division-wide teachers' mass
gathering. The financial literacy
program may be implemented by all
participating schools where the
study was conducted. Future
research related to financial literacy
programs may be conducted in
basic education, colleges, and
universities following the mthod
used in this study.

24 2022 Aina Joyce D. Teachers in The Journal of The study aimed to determine the
Agayon New Normal: Humanities and challenges faced by Filipino
Challenges and Education teachers in the new normal due to
Angel Kem R. Coping Development the COVID-19 outbreak and how
Mechanisms in (JHED), Vol-4, they coped with these difficulties. It
Agayon,Jupet Secondary Issue-1, Jan – used a qualitative inquiry involving
h Pentang Schools Feb 2022 10 teachers from five secondary
Journal of schools in the Philippines who
Humanities and voluntarily participated. Data were
Education DOI: gathered through written narratives
Development https://doi.org/1 from each participant and were
0.22161/jhed.4. analyzed thematically. The findings
1.8 showed that the teachers
encountered challenges in terms of
learning quality transfer, module
distribution and retrieval, students'
difficulties in following instruction,
power disruption, internet
connection, and health risks posed
by the pandemic. Despite these
challenges, the teachers were able
to cope by employing their own
techniques. The study highlights
the need for educators to be
prepared to adapt to any situation
that may arise, as the current
situation is unlikely to improve
anytime soon.

25 2021 Nicole Marie Recurring ISTES This study's goal is to pinpoint the
C. Pascua , Emotions and Organization often occurring feelings and
Coping Monument, behaviors of Filipino parents.
No. Year Author Title Publications Findings

Cherry Amor Mechanisms of raising a child with Autism

Dizon Parents with DOI Spectrum Disorder, grieving
Children having https://doi.org/1 situations that set it off.
Autism 0.1007/s12144- (ASD). The researcher also
020-01322-x provided descriptions of different
coping
parents.

Summarize of RRL/RRS

1-3 Sean
The first paper investigates the link between accounting and financial stability
and identifies several core issues such as banks' disclosures, loan loss recognition,
reporting discretion, and enforcement. The second paper focuses on the importance of
rice in the Philippine economy and suggests ways to insulate the country from global rice
price shocks. The third paper analyzes the impact of inflation on the stock market in the
Philippines and finds a mixed relationship in terms of value and volume traded. Overall,
these papers suggest that there are challenges in maintaining financial stability and price
stability in the Philippines and highlight the need for careful consideration and policy
interventions.

4-6 Clark
Three studies were conducted in the Philippines regarding financial stress and
coping mechanisms. The first study focused on Filipino college students and found that
financial stress was a significant concern for them, and that they used various coping
mechanisms. The second study examined the relationship between parental financial
stress and parenting behaviors and found that financial stress had a negative impact on
parenting behaviors. The third study explored the relationship between financial literacy,
financial behaviors, and financial well-being among young adults and found that financial
literacy was positively related to financial behaviors, and financial behaviors were
positively related to financial well-being. These studies may be relevant to understanding
coping mechanisms used by parents and the impact of financial stress on parenting and
family dynamics.

7-8, 12 Fel

9-11 Jasmine
11-13

14-16

17-20 Mhikaela
Three studies of the financial crisis: the first examined cohorts of college graduates in
South Korea before, during, and after the 1997–1998 Asian financial crisis and found a
significant decline in employment, earnings, marriage, and fertility; the second, the
Global Financial Development Report 2019–2020, offers proof of the regulatory
measures taken to avert further financial difficulties and illuminates significant policy
issues.the last; The COVID-19 has had a considerable impact on the stock markets in
the US, Japan, Germany, and Italy, but the GFC had a more widespread impact overall.
It gives a summary of what they know and highlights areas where further evidence is
needed.

21-2

23-25 Josiah
The 23rd study looked at the financial literacy challenges faced by public school
teachers in the Philippines. Results showed that most teachers struggle financially and
practice informal debt. The study recommends implementing financial literacy programs
in teacher training and future research in other educational levels. The 24th study
explored the challenges faced by Filipino teachers due to COVID-19 and how they
coped. Results showed difficulties with learning quality, module distribution, student
instruction, power/internet outages, and health risks. Despite the challenges, teachers
used their own techniques to cope. The study emphasizes the need for educators to
adapt to unexpected situations, given the pandemic's ongoing impact. Lastly, The 25th
study aimed to identify common feelings and behaviors of Filipino parents raising a child
with Autism Spectrum Disorder (ASD), particularly during grieving situations. The
researcher provided descriptions of various coping mechanisms used by these parents.