Showing 1 - 10 of 333
The health and economic impacts of COVID-19 on India have been substantial, with wide variation across states and union …. State characteristics, such as health care infrastructure and the share of services in the economy, played an important role … in shaping the health and economic outcomes, highlighting the importance of adequate social spending, health care …
Persistent link: https://www.econbiz.de/10013298750
This paper examines empirically the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. We … assemble a comprehensive and novel cross-country database at a daily frequency on vaccinations and various health outcomes (new …’s health infrastructure, and vaccine acceptance are significant determinants of the speed of vaccination rollouts; (ii) vaccine …
Persistent link: https://www.econbiz.de/10013300533
The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe...
Persistent link: https://www.econbiz.de/10013226439
I construct a systemic liquidity risk index (SLRI) from data on violations of arbitrage relationships across several … liquidity risk factor. Results show that the level of bank returns is not directly affected by the SLRI, but their volatility … increases when liquidity conditions deteriorate. I do not find a strong association between bank size and exposure to the SLRI …
Persistent link: https://www.econbiz.de/10013098615
I construct a systemic liquidity risk index (SLRI) from data on violations of arbitrage relationships across several … liquidity risk factor. Results show that the level of bank returns is not directly affected by the SLRI, but their volatility … increases when liquidity conditions deteriorate. I do not find a strong association between bank size and exposure to the SLRI …
Persistent link: https://www.econbiz.de/10013102465
. Liquidity stress tests have been applied in parallel to and independently from solvency stress tests, based on scenarios which … testing of solvency and liquidity: our approach exploits the mechanisms underlying the solvency-liquidity nexus to derive … relations between solvency shocks and liquidity shocks. These relations are then used to model liquidity and solvency risk in a …
Persistent link: https://www.econbiz.de/10012828230
The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...
Persistent link: https://www.econbiz.de/10013234704
The paper uses firm-level data to assess the financial health of the Vietnamese non-financial corporate sector on the …, liquidity and even solvency, particularly in the hardest hit sectors that are dominated by SMEs and account for a sizeable … bankruptcies and bank fragility. Policy measures taken in the immediate aftermath of the crisis have helped alleviate liquidity …
Persistent link: https://www.econbiz.de/10013249409
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10013250064
The COVID-19 pandemic led many emerging market central banks to adopt, for the first time, unconventional policies in the form of asset purchase programs. In this study, we analyze the effects of these announcements on domestic financial markets using both event studies and local projections...
Persistent link: https://www.econbiz.de/10013250070