DSpace Repository
COVID 19 crisis - the precondition of great reset (კორონავირუსის კრიზისი - დიდი გადატვირთვის წინაპირობა)
JavaScript is disabled for your browser. Some features of this site may not work without it.
COVID 19 crisis - the precondition of great reset (კორონავირუსის კრიზისი - დიდი გადატვირთვის წინაპირობა)
Khidasheli (ხიდაშელი), Mirza (მირზა); Chikhladze (ჩიხლაძე), Nikoloz (ნიკოლოზ)
Date:
2021
Abstract:
The 21st century began with a crisis. First it was the 2008 Financial Crisis
that led to the Great Recession. The aftermath of the crisis was not fully
overcome and we have faced another crisis that erupted in the healthcare
system. The COVID 19 pandemic brought the second wave (after the 2008
Financial Crisis) of global financial and economic shocks.
Since 1944, we have had a global financial order shaped on the Bretton
Woods Conference. The system showed solid performance till 2008, but the
Financial Crisis empirically tested the existing deficiencies. In the US and
other states, enormous monetary and fiscal interventions had to be done
for saving the economies and the banking sectors especially. Sovereign debt
had been a main source of funding for measures to maintain the economy.
From a financial perspective, the same is being done now to cope with the
COVID 19 pandemic shocks.
Description:
• Altman S.A. (2020). “Will Covid-19 Have Lasting Impact Globalization?”, Harvard
Business Review, https://hbr.org/2020/05/will-covid-19-have-a-lasting-impacton-
globalization
• Aizenman J., Ito Hiro (2020). “Post Covid-19 Exit Strategies and Economic Challenges
for Emerging Markets”, voxeu.org. https://voxeu.org/article/post-covid-19-exit-
strategies-and-economic-challenges-emerging-markets
• Bernanke B. S. (2004). Money, Gold and the Great Depression, Bank of International
Settlement, pp 3.
• Borio Cl. (2020). “When Unconventional becomes Conventional”, Bank of International
Settlements, /https://www.bis.org/speeches/sp200930.htm
• Christiano L., Motto R., Rostagno M. (2004). The Great Depression and Friedman
and Schwartz Hypothesis, European Central bank, Working Paper N326, pp13.
• El-Erian Mohamed A. (2020).“Reading the Dollar Doldrums”, Project-Syndicate.
org, https://www.project-syndicate.org/commentary/dollar-depreciation-2020-
short-and-
long-term-implications-by-mohamed-a-el-erian-2020-
07?barrier=accesspaylog
• Eichengreen B. (1997). “The Gold Standard and The Great Depression”, National
Bureau of Economic Research, Working Paper 6060, pp.2.
• Georgieva Kr. (2020). “Reform of the International Debt Architecture is Urgently
Needed”, International Monetary Fund https://blogs.imf.org/2020/10/01/reform-
of-the-international-debt-architecture-is-urgently-needed/
• Georgieva Kr. (2020). “The Great Reset”, International Monetary Fund https://www.
imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-
the-great-reset
• Henning M. (2020). “Coronomics Takes over the World”, University of Gothenburg.
https://medarbetarportalen.gu.se/aktuellt/gu-journalen/nyhetsdetalj/koronomin-
tar-overvarlden.cid1682598;jsessionid=rfw9x6yuus4u1lmy83vhtrne0?languageId=
100001&skipSSOCheck=true&referer=https%3A%2F%2Fwww.google.
com%2F
• Chikhladze N., Khidasheli M. (2019).“Financial System Stability Threats after 2008
Anticiclycal Policy”, Social Science Bulletin, http://cejsh.icm.edu.pl/cejsh/element/
bwmeta1.element.desklight-0fa33615-dfb0-4587-b849-ed437ec145d0
• Kant V. (2019). “When did Globalization Begin? The Answer might Surprise You”,
World Economic Forum, https://www.weforum.org/agenda/2019/01/when-didglobalization-
begin-the-answer-might-surprise-you/;
• Krugman P. (2020). “Paul Krugman is Pretty Upbeat about the Economy”, Bloomberg
Opinion. https://www.bloomberg.com/opinion/articles/2020-05-27/paul-krugman-
is-pretty-upbeat-about-coronavirus-economic-recovery
• Lagarde Ch. (2020). “Economic, Financial and Monetary Impact of COVID-19 Pandemic,
and Post-crisis Options for Policies and Tools”, Bank of International Settlement,
https://www.bis.org/review/r200914b.htm
• Lu M. (2020). “From Taxes to Transport: Visualizing America’s $27 Trillion Debt”,
World Economic Forum, https://www.weforum.org/agenda/2020/11/chartingamerica-
united-states-debt/;
• O’Neill J. (2010). “Brics at 8”, Goldman Sachs 2010. https://www.goldmansachs.
com/insights/archive/brics-at-8/
• Papava V. (2020). “Coronomic Crisis: When the Economy is a Hostage to Medicine”.
Eurasia Review. https://www.eurasiareview.com/29032020-coronomic-crisiswhen-
the-economy-is-a-hostage-to-medicine-oped/
• Papava V., Charaia V. (2020). “The Coronomics Crisis and Some Challenges for the
Georgian Economy”, Georgian Foundation for Strategic and International Studies,
pp.3.
• Reinhart C. (2020). “Coronavirus Fallout can Morph into a Global Financial Crisis”,
Business Insider, https://markets.businessinsider.com/news/stocks/
economic-
outlook-coronavirus-risks-global-financial-crisis-debt-worldbank-
2020-10-1029688877
• Roubini N. (2020). “Is the Almighty Dollar Slipping?” Project-Syndicate.rog. https://
www.project-syndicate.org/commentary/us-dollar-position-as-global-reservecurrency-
over-short-and-long-term-by-nouriel-roubini-2020-08?barrier=accesspaylog
• The World Bank (2020). “The Global Economic Outlook During the COVID-19 Pandemic:
A Changed World”, worldbank.org. https://www.project-syndicate.org/commentary/us-dollar-position-as-global-reserve-currency-over-short-and-longterm-
by-nouriel-roubini-2020-08?barrier=accesspaylog
• Stieglitz J. E. (2020). “Priorities for the COVID-19 Economy”, project-syndicate.org.
https://www.project-syndicate.org/commentary/covid-2020-recession-how-torespond-
by-joseph-e-stiglitz-2020-06
• Schwab K. (2020). Now is a Time For Great Reset, World Economic Forum, https://
www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/
Files in this item
This item appears in the following Collection(s)
-
Article
An article in a journal, magazine, newspaper. Not necessarily peer-reviewed. May be an electronic-only medium, such as an online journal or news website.
Search DSpace
Browse
-
All of DSpace
-
This Collection