THE FINANCIAL ANATOMY OF CURRENT PANDEMIC CRISIS

Valentina Fetniuc and Ivan Luchian
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Valentina Fetniuc: International Institute of Management IMI-NOVA, 9, Hristo Botev street, MD2043, Chisinau, Republic of Moldova
Ivan Luchian: International Institute of Management IMI-NOVA, 9, Hristo Botev street, MD2043, Chisinau, Republic of Moldova Author-Name TVIRCUN, Alexandra

Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 105-111

Abstract: The current crisis is the first in human history global pandemic cataclysm. The latter has caused colossal losses globally due to massive disease of population, efforts to counter the pandemic and consequences of isolation in the hope of avoiding contamination of healthy people. The analysis of pandemic crisis is complicated by the fact that it takes place in conditions of cyclical economic crises started in previous years. Financial aspects of pandemic crisis are different, such as stock market crashes, rising levels of indebtedness, fiscal problems, affecting investment, insurance and other segments of global financial market activity. The current crisis situation is highly likely to degenerate into a deep financial crisis. In order to alleviate the crisis, central authorities in different countries have taken respective complexes of measures, the effectiveness of which will be demonstrated over time.

Keywords: pandemic crisis; economic crisis; financial crisis (search for similar items in EconPapers)
JEL-codes: F65 G01 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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