Das italienische Bankensystem ist bislang recht gut durch die Coronakrise gekommen. Dazu haben umfangreiche staatliche Hilfsmaßnahmen ebenso beigetragen wie Vorkrisenreformen mit Blick auf Altlasten aus der Euro-Schuldenkrise. Dazu zählen der Abbau notleidender Kredite und der Aufbau von...

The study investigates the tail-risk spillover between the markets for sukuk and conventional bonds across fifteen countries between 2016 and 2023. First, we estimate a time varying parameter-value at risk (TVP-VAR)-based frequency connectedness model to measure the total, short-, and long-term...

Purpose The purpose of the study is to measure cross-country stock market correlation and volatility transmission during the global coronavirus disease 2019 (COVID-19) pandemic. The paper traces trajectory of Islamic equity investments in order to get insights on the behavior of the markets...

The coronavirus pandemic is creating overwhelming needs, in three waves. First is the health crisis; second is the macroeconomic crisis created by the abrupt halt in much business activity; and now third is a consumer crisis, as households are faced with total or partial job loss, sharp income...

The coronavirus did not cause the weakness of the economy but painfully exposed it. The ‘underlying condition' which made our collective economic mind-body so vulnerable was caused by another virus. This one isn't a pathogen but a mental bug in the form of the mechanical worldview that...

Crises force us to stop and think. This paper examines the prospect of deep reform of national planning in Africa in response to COVID-19. The paper is a contrasted case study of Kenya and Uganda. The attempt at generalisation across Africa draws on a shared history of state formation. And a...

The magnitude of COVID-19 is yet to be estimated and felt by countries. The pandemic has posed a major disruption to economic activity across the world. Using the model by Battese, G.E., Coelli, T.J. (1995) the translog production frontier was adopted to estimate technical efficiency of the...

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

We examine the economic mechanisms that limited arbitrage between the cash and forward markets of agency MBS, and whether asset purchases of the Federal Reserve (Fed) alleviated price dislocations. We find that the cash-forward basis, or the price difference between the cash and forward markets...