EFFECTS OF COVID-19 ON INTERNATIONAL FINANCIAL MANAGEMENT
I will mention out the key pointers on how COVID-19 is going to impact the global financial system
Affected operations: Assess the ability of affected suppliers to continue production and supply. Assess key trading terms and engage with critical suppliers. Try to identify alternative suppliers for the business. Frequent engagement with customers at the executive level is important to maintain the business.
Volatility has spiked, market liquidity has been impacted significantly and asset prices are moving abruptly. Unprecedented outflows in terms of both size and speed. Borrowing costs have risen sharply
Lower bank capitalization, The global economy is expected to suffer USD 5.8-8.8 trillion in losses due to the coronavirus pandemic
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