The COVID-19 (coronavirus) pandemic has exposed serious financial challenges in many countries across the globe. Discuss the effects of the COVID-19 on international financial management.
Effect of coronavirus on global financial management is as follows-
A. The Global demand has completely slowed down and it has lead to wide shrinkage of the overall Global supply.
B. the exchange rate of many emerging markets at fallen drastically in relation to the dollars because the growth projection of these emerging markets have been substantially reduced
C.the tendency to cut interest rates through monetary policy by central banks to almost zero has been a common phenomena in this overall pandemic
D. Central Banks are also rolling out various kinds of support and incentives to various industries to help them survive in this crisis.
E they are also trying to make various companies sustain as this can lead to contagion
So, various countries are trying to stimulate demand through quantitative easing and other supports.
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