Transformation of the Finance under Quarantine Conditions

Abstract

The subject of the research is a quarantine condition as a factor in the transformation of the finance. The objectives of the article are to identify the dominant trends in the transformation of the finance as a result of the quarantine condition, to determine the features of the current global financial and economic crisis caused by the quarantine condition, to consider anti-crisis measures taken by national regulators to mitigate the consequences of the crisis, to analyze the consequences of the quarantine condition for the finance and the possibilities for its development after the end of the pandemic. The analysis of the dominant tendency of de-globalization due to the pandemic and the growing tendencies of regionalization and protectionism, as well as the transition to a bipolar structure of finance. Determined that the crisiscaused by a pandemic differs in that it occurs in the spheres of production and consumption. Determined thatthe current crisis marks the transition to the sixth technological order, within whichglobal cyber financial system. It has been established that after the end of the pandemic, the finance will movetowards a model of lower income and greater stability. It is concluded that the COVID-19 pandemic will develop into a major economic and geopoliticalcrisis and can provoke a significant transformation of the modern world economic order.