About the failures of global and Russian financial markets and measures to support the economy and the population in the context of the pandemic
In: Russian Economic Journal, Issue 3, p. 41-49
A large-scale collapse in global financial markets, which has been brewing for many years and which was triggered by the pandemic of the beginning of 2020, generates crisis processes in the world economy. The spread of the coronavirus has led to a significant decline in economic activity around the world. National States are once again forced to urgently develop and implement anti-crisis programs. A wide and financially voluminous range of measures aimed at ensuring both supply and effective demand in national economies is involved. Russia has also introduced large-scale, though relatively modest, measures to support the economy and the population. Based on these realities and based on his research work on the use of anti-crisis financial mechanisms, the author justifies the conclusion that: a) this support is insufficient; b) to ensure the normal reproduction of the population and the resumption of economic growth, it must be increased and activated.