THE PIONEERING IMPACT OF THE COVID-19 PANDEMIC ON THE FINANCIAL ECONOMY

Authors : Selman Duran

Pages : 203-223

Doi:10.53662/esamdergisi.1363939

View : 67 | Download : 80

Publication Date : 2023-10-24

Article Type : Research Paper

Abstract :Extraordinary situations that suddenly and severely disrupt the flow of normal periods have more or less positive or negative consequences in many areas, from the area of origin to the environment. They can be caused by man-made issues such as terrorism, international trade wars, international economic integration, as well as natural events such as earthquakes and climate change. The Covid-19 pandemic that humanity is experiencing on a global scale can also be considered as a natural event due to its general structure, although there are serious doubts that it is a laboratory production. Unlike other unusual situations, pandemics are not among the situations that humanity experiences frequently, so new and comprehensive studies are needed to control and manage their effects and consequences. The aim of this study is to determine the state of the financial markets during the pandemic and to reveal the short-term effects of the pandemic on this area. Money and capital market instruments for this period are analysed using data from widely recognised international financial institutions. Despite all the measures taken, it was found that there were serious fluctuations in the financial markets in the early stages of the pandemic and that these fluctuations will continue to have an impact in the short and medium term. In the long term, the pandemic is expected to have a significant impact, especially on developing countries with high external financing needs, such as Turkey.
Keywords : Finansal Ekononomi, Para Politikaları, Covid19