We survey CFOs throughout the COVID-19 crisis to learn how multiple dimensions of corporate flexibility affect their short- and long-term business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in modulating firms’...

The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current economic school’s incapacity to explain the actual economic crisis and to offer an adequate perspective to settle a solution. It proposes an explanation based on the tendency...

This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....

This paper studies individual-level labour market transitions and their determinants in South Africa during the zenith and aftermath of the global financial and economic crisis using 2008 to 2010-2011 panel data from the National Income Dynamics Study and matched crosssections of the Quarterly...

Nigeria was incorporated in 1914 when Frederick Lugard(First Governor-General) amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown Colony of Lagos into a single entity. The primary reason for amalgamation was economic rather than political. It is therefore, a...

Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when...

This paper addresses the fifty-year decline in growth for the U.S. and other advanced economies. The paper develops a growth model based upon an economy's capital accounts and illustrates how customary growth factors such as labor and total factor productivity are embedded within investment...

This paper analyses the effect of the economic crisis in 2008 and 2009 on individual training activities of different employee groups within establishments. We use a unique German linked employer-employee panel data set with detailed information on individual training history (WeLL-ADIAB). The...

The Legal Tender Act of 1862 offers a blueprint solution to our current economic crisis. The U.S. Government issued its own currency rather then relying on banks. This allowed the North to finance and win the civil war while keeping the economy solvent. The same solution can be used today to...

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...