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The study aims to diagnose and expose the conditions and causes that led to the transmission of health shock to the economic sector, It also aims to itemize the sensitivity aspects of global economy to imbalances and the explanations of their spread during Covid-19 pandemic, by describing and analyzing the shock manifestations and investigating about financial backgrounds. The paper also tries to highlight possible and potential solutions.

The study concluded that untamed trading high-risk financial assets without rational coverage and expanding financial markets, in addition to immoral economic behavior, and the disturbed economic globalization, are the main factors of the global economy's fragility. It argued also, that adopting unconventional monetary and financial policies especially the principles of Islamic economy can curb the negative shock impact.

JEL Classification: F40, G01, G38, H12


Economic Crisis Covid-19 Pandemic Financial Shock Unconventional Monetary and Financial Policies

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