نوع مقاله : مقاله علمی- پژوهشی مستقل
موضوعات
عنوان مقاله English
نویسندگان English
As a 21st-century crisis, the COVID-19 pandemic had widespread and multifaceted impacts on many economic, social, and political aspects of human life. A few years after the global financial crisis, an abrupt shutdown of businesses created a new crisis. Meanwhile, the pandemic came to coincide with serious challenges resulting from climate change, economic digitalization, geopolitical competition, and geo-economic inequalities. At the same time, the International Monetary Fund (IMF), the World Bank (WB), and other financial institutions were effective actors in handling the COVID-19 economic consequences. The research question of this study is what roles the IMF and WB played from 2019 to 2021 to manage this crisis and to what extent these measures enhanced the global cooperation. For this purpose, the study adopted an explorative approach while using a qualitative content analysis method. It aimed to evaluate the effectiveness of these measures in relieving the economic impacts of COVID-19 consequences and identifying the structural weaknesses of them. The findings indicate that although these institutes managed to effectively reduce the short-run impacts of the crisis, they need to redesign their instruments and enhance their institutional structures. Therefore, the study emphasizes the need for structural reform of the global financial system.
کلیدواژهها English
