Research Article

Impact of Covid-19 Pandemic on Balance of Payments: Evidence from Developed and Developing Countries

Sohibjamol Jumaeva
Tashkent Financial Institute, Uzbekistan
DOI icon 10.24018/ejbmr.2020.5.5.501

Read Counter
6481

Downloads
2523

Citations

Share

Article Sidebar

Submitted 2020-08-31
Published 2020-09-12

Read counter = 6481 times

Table of Contents

Article Main Content

The article is devoted to the consideration of the pandemic impact on the balance of payments of developed and developing countries. In addition, the article presents proposals and recommendations aimed at mitigating the impact of pandemic on the balance of payments in the Republic of Uzbekistan.

Keywords: pandemic, monetary policy, devaluation, exports, imports, balance of goods and services, capital movements, gold and foreign exchange reserves.

References

  1. Guzman M., Ocampo J.A., Stiglitz J.E. (2018) Real exchange rate policies for economic development// World Development 110 (2018) 51–62.
     Google Scholar
  2. Ryota Nakatani (2018) Adjustment to negative price shocks by a commodity exporting economy: Does exchange rate flexibility resolve a balance of payments crisis? //Journal of Asian Economics 57 (2018) 13–35.
     Google Scholar
  3. Bekmurodov A. Sh., Jumaev N. Kh. Conceptual aspects of balance of payments regulation in terms of the monetary policy liberalization//electronic journal “Uzbridge”. № I. 2019. Р.3-14.
     Google Scholar
  4. Sinyakov Andrey, Yudaeva Ksenia (2016). Central bank policy under significant balance-of-payment shocks and structural shifts // Russian Journal of Economics 2 (2016) 246–278
     Google Scholar
  5. Balance of payments (2020). Balance of payments of Russia. №1 (3). I quarter of 2020.
     Google Scholar