Final answer:
To investigate the impact of COVID-19 on financial institutions' efficiency, utilize a combination of quantitative data analysis and qualitative research methods such as surveys, case studies, and expert interviews.
Step-by-step explanation:
Methodology for Researching COVID-19's Impact on Financial Institutions
The COVID-19 pandemic has significantly influenced global economic stability, including the efficiency of financial institutions. A thorough research methodology should be multi-faceted to capture the pandemic's impacts on financial data, employment, and other economic aspects. To this end, qualitative and quantitative research methods can be employed to assess both the immediate and lasting changes within the financial sector.
Quantitative research could include data analysis on loan defaults, bank liquidity, and shifts in consumer spending patterns. Surveys and questionnaires aimed at industry professionals may provide insights into operational adjustments, such as transitions to remote services. Qualitative methods could involve case studies and interviews with financial experts and policy-makers to understand the adjustments in policies, implications for healthcare and insurance, and the influence on general financial literacy.
Furthermore, an analysis of government and international institutions' responses, such as stimulus packages and interest rate changes, would shed light on the resilience and adaptability of these institutions. Employment trends and the ongoing recovery process outlined by organizations like the World Bank and WHO can also serve as a framework for evaluating pandemic-era economic decisions and their outcomes.