Using the results of the Survey on the Access to Finance of Enterprises (2009 to 2020 editions), this paper aims to assess the effect of Covid-19 pandemic on the probabilities of firm to innovate and grow and to compare their likelihood with that of the previous downturn. To control for a...

This work analyses the alignment of investments in the Greek Recovery and Resilience Plan ('the Greek RRP') with the Smart Specialisation Strategies priorities (2021-2027) of the country and its regions to identify potential synergies and complementarities between funding instruments. The...

We use the 2021 vintage of the EIB Investment Survey (EIBIS) which contains a detailed set of questions regarding the nature of the policy support to firms during the COVID-19 crisis. Matched with hard data on the balance sheets and Profit and Loss (P&L) statements of corporations, the survey...

Are recessions drivers of structural change? Here we investigate the resilience of cities, and argue that a re-allocation of labour between industrial sectors in times of crisis induces an acceleration in structural change. Using UK data, we find that cities experienced a sharp increase in...

We analyse micro data on Irish mortgages and distressed households' balance sheets in the last decade to assess the debt resolution process in the Irish mortgage market in the lead up to the COVID-19 shock. We highlight the widespread engagement of Irish borrowers with debt resolution mechanisms...

1. Introduction -- 2. Forgotten worlds: the stagflation of the 1970s -- 3. From Volcker to China: The “Great Moderation” begins -- 4. Houses made of sand: The “Global Financial Crisis” -- 5. Trojan horses: the long shadow of the euroarea sovereign crisis -- 6. COVID 19: the fiscal and...

The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of...

The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have...

This book incorporates a selection of eight revised papers presented to the Conference on “Managing Economic Crisis in East Asia”, organized jointly by the Saw Centre for Financial Studies, NUS Business School, and the East Asian Institute, National University of Singapore, in November 2009....