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Covid-19 Pandemic And Currency Risk Analysis In Georgia

Author

Listed:
  • Gia Zoidze

    (Batumi State Maritime Academy)

  • George Abuselidze

    (Batumi Shota Rustaveli State University)

Abstract

This article discusses the main problems, challenges and peculiarities of monetary policy in Georgia. Analyzes the currency crisis caused by the covid-19 pandemic and outlines ways to overcome it. Presents a comparison of the Georgian lari with the most stable currency in the world over the last 100 years (against the dollar). At the end of the publication, given the current reality, some predictions and recommendations are presented. The paper also argues that in order to properly assess and manage currency risks, first of all, it is necessary to properly understand the essence of money, which even today, in the conditions of accelerated economic processes, is not clearly defined. In particular, whether money should be a tool for conducting monetary policy.

Suggested Citation

  • Gia Zoidze & George Abuselidze, 2021. "Covid-19 Pandemic And Currency Risk Analysis In Georgia," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 9(2), pages 33-46.
    • Handle: RePEc:neo:epjour:v:9:y:2021:i:2:p:33-46
    DOI: 10.37708/ep.swu.v9i2.3
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    References listed on IDEAS

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    Cited by:

    1. Gia Zoidze & Shota Veshapidze, 2022. "Transformation Of Economic Policy Priorities Under Covid-19," Three Seas Economic Journal, Publishing house "Baltija Publishing", vol. 3(2).

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    More about this item

    Keywords

    Covid-19 Pandemic; Pandeconomy; Currency Risks; Georgian Lari; US Dollar; Crypto Currency;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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