Open AccessThe Economic Implications of Covid-19 Pandemic: Financial Backgrounds and Proposed Solutions
Author(s) -
Mammar Bounouar
Publication year - 2020
Publication title -
mağallaẗ buḥūṯ al-idāraẗ wa al-iqtiṣād
Language(s) - English
Resource type - Journals
eISSN - 2710-8856
pISSN - 2676-184X
DOI - 10.48100/merj.v2i2special.102
Subject(s) - shock (circulatory) , financial fragility , fragility , covid-19 , pandemic , financial market , economics , globalization , business , development economics , finance , monetary economics , financial crisis , macroeconomics , market economy , medicine , chemistry , disease , pathology , infectious disease (medical specialty)
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.