surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … for IMF surveillance. For a set of emerging market economies, the paper finds that financial markets react more favorable … to PIN releases for politically influential member countries. Moreover, IMF surveillance appears to be systematically …

Stock prices and workplace mobility trace out striking clockwise paths in daily data from mid-February to late May 2020 …. Global stock prices fell 30 percent from 17 February to 12 March, before mobility declined. Over the next 11 days, stocks … fell another 10 percentage points as mobility dropped 40 percent. From 23 March to 9 April, stocks recovered half their …