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Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia

The purpose of this article is to analyze the impact of COVID-19 pandemic on inflation and exchange rate volatility and to study the government measures implemented in order to support economies. Based on monthly data from January to September 2020 for 10 countries, the dynamic panel data model is u...

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Autores principales: Abdelkafi, Ines, Loukil, Sahar, Romdhane, YossraBen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8852944/
http://dx.doi.org/10.1007/s13132-021-00889-5
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author Abdelkafi, Ines
Loukil, Sahar
Romdhane, YossraBen
author_facet Abdelkafi, Ines
Loukil, Sahar
Romdhane, YossraBen
author_sort Abdelkafi, Ines
collection PubMed
description The purpose of this article is to analyze the impact of COVID-19 pandemic on inflation and exchange rate volatility and to study the government measures implemented in order to support economies. Based on monthly data from January to September 2020 for 10 countries, the dynamic panel data model is used to study the effect of COVID-19 spread. The results reveal that high infections negatively affect exchange rate and inflation; the responses of governments increase inflation and result in a lower exchange rate. In fact, providing health protocols which entered the countries into a new economic and financial crisis since economic agents could not freely engage in economic activities. Therefore, policy makers in both regions should invest in health infrastructure to improve the capacity of the national health system to resist the epidemic of contagious diseases.
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spelling pubmed-88529442022-02-18 Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia Abdelkafi, Ines Loukil, Sahar Romdhane, YossraBen J Knowl Econ Article The purpose of this article is to analyze the impact of COVID-19 pandemic on inflation and exchange rate volatility and to study the government measures implemented in order to support economies. Based on monthly data from January to September 2020 for 10 countries, the dynamic panel data model is used to study the effect of COVID-19 spread. The results reveal that high infections negatively affect exchange rate and inflation; the responses of governments increase inflation and result in a lower exchange rate. In fact, providing health protocols which entered the countries into a new economic and financial crisis since economic agents could not freely engage in economic activities. Therefore, policy makers in both regions should invest in health infrastructure to improve the capacity of the national health system to resist the epidemic of contagious diseases. Springer US 2022-02-16 /pmc/articles/PMC8852944/ http://dx.doi.org/10.1007/s13132-021-00889-5 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Abdelkafi, Ines
Loukil, Sahar
Romdhane, YossraBen
Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title_full Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title_fullStr Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title_full_unstemmed Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title_short Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia
title_sort economic uncertainty during covid-19 pandemic in latin america and asia
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8852944/
http://dx.doi.org/10.1007/s13132-021-00889-5
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