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To assess the resilience of India's corporate sector against COVID-19-related shocks, we conducted a series of stress tests using firm-level corporate balance sheet data. The results reveal a differential impact across sectors, with the most severe impact on contact-intensive services,...
Persistent link: https://www.econbiz.de/10012795139
find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional … the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after … the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial …
Persistent link: https://www.econbiz.de/10012605125
This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in...
Persistent link: https://www.econbiz.de/10012605630
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
/subsidy and a labor tax/subsidy. Labor shocks, such as the COVID-19 shock, amplify the policy responses, which critically depend …
Persistent link: https://www.econbiz.de/10012302066
well as women are the most affected by the COVID-19 shock in terms of job loss rates. The differential impacts were …
Persistent link: https://www.econbiz.de/10013170558
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward … relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with …
Persistent link: https://www.econbiz.de/10012605652
information campaigns - rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we …
Persistent link: https://www.econbiz.de/10012604786
Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between...
Persistent link: https://www.econbiz.de/10012517929