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According to Wei & Han (2021), The COVID-19 pandemic had a devastating impact on the world, and no one was prepared for it. It had a large and immediate impact on the global economy. Global markets have gotten accustomed to economic shocks over the last century. The COVID-19 pandemic crisis, on the other hand, was unique in one essential way: it began as a global health catastrophe and swiftly developed into an economic disaster. The combined impact of all of these crises was unprecedented in many ways, and it had a significant influence on markets and people all across the world. Millions of individuals have been laid off or have been sent home without pay. Low or no sales have harmed small enterprises and companies in particular. (Goldstein et al. 2021). While facing significant tax revenue shortfalls, municipal and national governments have failed to meet health care and other service needs. The ability of many countries' health-care systems to meet the needs of its patients has been severely stretched. Because of regulatory reform initiatives, banks are now able to support the government sector in its emergency aid initiatives. These public-sector initiatives, as is well known, have had a substantial economic impact. The actions of investment management firms around the world, who are ultimately the buyers of primary debt and investors in equity issuance, have also been critical in allowing businesses and governments to continue operating during the COVID-19 crisis (Deev & Plhal, 2022). There are opportunities to learn, just as there are in any major crisis. Market participants have stated that they want to investigate whether there are any changes that might be taken to better prepare markets and businesses for the next crisis.
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Cite Article:
"THE CONTRIBUTION OF THE FINANCIAL INSTITUTIONS/SECTOR IN ECONOMIC RECOVERY AFTER THE COVID-19 PANDEMIC", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 8, page no.1753 - 1758, August-2022, Available :http://www.ijrti.org/papers/IJRTI2208270.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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