THE BASIC FINANCIAL FEATURES OF THE CURRENT GLOBAL ECONOMIC CRISIS
Ivan Luchian and
Angela Filip
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Ivan Luchian: International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova
Angela Filip: Moldova State University, Chisinau, Republic of Moldova
Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 160-169
Abstract:
Now, the analysis carried out demonstrates the global economic difficulties, which are largely due to the consequences of the pandemic crisis, the outbreak of the energy crisis and the war between Russia and Ukraine. The current global economic cataclysm also has certain financial features. First, it is about raising the level of global inflation and, consequently, interest rates on the financial market. Secondly, it is worth mentioning the formation and maintenance over a long period of the global debt bubble, which threatens the stability of the world financial system. Thirdly, in the year 2022, the currency wars began to take place on the international currency market, which can have an important impact on some segments of the world economy, as well as the economies of many countries. The study of these global processes is critical for reexamining the economic and financial policies of those affected.
Keywords: pandemic crisis; post-pandemic economic and financial crisis (search for similar items in EconPapers)
JEL-codes: F65 G01 (search for similar items in EconPapers)
Date: 2022
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