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The Economic Implications of Covid-19 Pandemic: Financial Backgrounds and Proposed Solutions

Author

Listed:
  • Mammar Bounouar

    (Faculty of Economics, Commercial and Management Sciences, University Of Tlemcen (Algeria))

Abstract

The study aims to diagnose and expose the conditions and causes that led to the transmission of health shock to the economic sector, it also aims to itemize the sensitivity aspects of the global economy to imbalances and the explanations of their spread during the Covid-19 pandemic, by describing and analyzing the shock manifestations and investigating about financial backgrounds. The paper also tries to highlight possible and potential solutions. The study concluded that untamed trading high-risk financial assets without rational coverage and expanding financial markets, in addition to immoral economic behaviour, and disturbing economic globalization, are the main factors of the global economy's fragility. It argued also, that adopting unconventional monetary and financial policies especially the principles of the Islamic economy can curb the negative shock impact.

Suggested Citation

  • Mammar Bounouar, 2020. "The Economic Implications of Covid-19 Pandemic: Financial Backgrounds and Proposed Solutions," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 2(2Special), pages 64-89, june.
    • Handle: RePEc:alv:journl:v:2:y:2020:i:2special:p:64-89
    DOI: 10.48100/merj.v2i2Special.102
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    More about this item

    Keywords

    Economic Crisis; Covid-19 Pandemic; Financial Shock; Unconventional Monetary and Financial Policies;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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