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

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

Management & Economics Research Journal, 2020, vol. 2, issue 2Special, 64-89

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.

Keywords: Economic Crisis; Covid-19 Pandemic; Financial Shock; Unconventional Monetary and Financial Policies (search for similar items in EconPapers)
JEL-codes: F40 G01 G38 H12 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:alv:journl:v:2:y:2020:i:2special:p:64-89

DOI: 10.48100/merj.v2i2Special.102

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