Governments around the world are tackling the COVID-19 pandemic with a mix of public health, fiscal, macroprudential, monetary, or market-based policies. We assess the impact of the pandemic in Europe on sovereign CDS spreads using an event study methodology. We find that a higher number of...

Do financial-economic crises affect long-term public health? To answer this question, we study the connection between the 2007-2009 Global Financial Crisis and the 2020-2022 COVID-19 pandemic. Specifically, we examine the relation between both macroeconomic and financial losses derived from the...