Economic Impact of Government Actions to Control COVID-19 Pandemic: Evidence from Financial Markets

2020 ◽  
Author(s):  
Badar Nadeem Ashraf
Author(s):  
Alan N. Rechtschaffen

This chapter discusses the origins of the 2007 financial crisis, subprime lending, and government-sponsored entities. It argues that the events driving financial markets to the precipice of collapse during the global financial meltdown gave rise to a regulatory framework that may have been a rational response to a market in free fall, but need to be reassessed in an era of recovery. In 2018, the U.S. economy may be, by many measures, viewed as wholly recovered from the economic impact of the crisis. The stock market is trading at record highs, having erased all the losses of the crisis period and then some. With this recovery, the Trump administration seeks to restrain the regulatory burden imposed during the crisis.


Author(s):  
Scott Slorach ◽  
Judith Embley ◽  
Peter Goodchild ◽  
Catherine Shephard

This chapter focuses on the economic and financial environment, looking at the basics of economics, financial markets, and the major players within those markets. It examines the fundamentals of money and finance: what money is, how to organise and account for it, and what happens when things go wrong. It also discusses the potential political, social, and economic impact of Brexit.


Subject Coronavirus economic impact. Significance The recent emergence of a coronavirus cluster on a Nile river cruiser in Luxor is set to deliver a heavy blow to the Egyptian tourism sector, checking a recovery that had been building up strong momentum. The economy faces a further threat from the restrictions on travel to and from the Gulf, where millions of Egyptians work and send home valuable remittances. Impacts The performance of tourism in the third quarter, a seasonal high point, will indicate the extent of the COVID-19 impact. The shock to global financial markets is likely to trigger an outflow of portfolio investment from Egypt. Egypt is negotiating a stand-by arrangement with the IMF, which would provide access to finance if required.


2020 ◽  
pp. 585-622
Author(s):  
Scott Slorach ◽  
Judith Embley ◽  
Peter Goodchild ◽  
Catherine Shephard

This chapter focuses on the economic and financial environment, looking at the basics of economics, financial markets, and the major players within those markets. It examines the fundamentals of money and finance: what money is, how to organise and account for it, and what happens when things go wrong. It also discusses the potential political, social, and economic impact of Brexit.


Subject The economic impact of COVID-19 on Central Europe. Significance The economic sudden stop which the COVID-19 pandemic has caused in the three non-euro-area states of Central Europe (CE-3) is unprecedented and profound. It is due to the confluence of aggressive containment measures to halt the spread of the disease, the collapse in trade with the euro-area (especially Germany) and the rush to safety in financial markets. The pandemic is further straining ties between CE-3 and Brussels, a relationship already frayed by battles over the EU’s trillion-euro budget and marked differences in responses to the crisis. Impacts The region’s auto industry is slowly reopening, Toyota’s Polish plant following Audi’s Hungarian engine factory and Hyundai’s Czech works. Governments will closely watch the phased lifting of restrictions elsewhere to assess the effectiveness and sustainability of strategies. In Hungary, the central government is suspected of discriminating against opposition-held local governments in its crisis response.


2021 ◽  
pp. 102148
Author(s):  
Lo Gaye Del ◽  
Basséne Théophile ◽  
Séne Babacar

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Giacomo Cacciapaglia ◽  
Corentin Cot ◽  
Francesco Sannino

Abstract A second wave pandemic constitutes an imminent threat to society, with a potentially immense toll in terms of human lives and a devastating economic impact. We employ the epidemic Renormalisation Group (eRG) approach to pandemics, together with the first wave data for COVID-19, to efficiently simulate the dynamics of disease transmission and spreading across different European countries. The framework allows us to model, not only inter and extra European border control effects, but also the impact of social distancing for each country. We perform statistical analyses averaging on different level of human interaction across Europe and with the rest of the World. Our results are neatly summarised as an animation reporting the time evolution of the first and second waves of the European COVID-19 pandemic. Our temporal playbook of the second wave pandemic can be used by governments, financial markets, the industries and individual citizens, to efficiently time, prepare and implement local and global measures.


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