We consider the largely unexpected shock caused by the second wave of the COVID-19 pandemic in India to assess whether major crises that impact the well-being of a large number of individuals can be catalysts for civic activism. Exploiting state-level variation in COVID-19 peaks and...

In this paper, we discuss 10 parallels between the lack of preparation of financial system regulators prior to the GFC and the lack of preparation by public health authorities and governments prior to Covid-19. These parallels relate to: required stocks (of capital or equipment), data collection...

An economy's ability to resist adverse shocks, such as an economic recession or natural disaster, is associated with its financial system structure due to different countercyclical funding capabilities. This paper uses a novel database of bank headquarter locations in a cross-country comparison...

In the years 2021-2022, world inflation has drastically increased. The analyses of the main characteristics of the 2007-2009 financial crisis and of the economic crisis caused by COVID-19 pandemic as well as of the rise in total debt of the non-financial sector suggest that the growth of...

The recent downturn of the Ghanaian economy has been numerously attributed by the government and policymakers to past global shocks. By using a descriptive approach, this study aimed to examine the performances of macroeconomic indicators of the Ghanaian economy during the three most recent and...

The COVID-19 pandemic has induced chaos and turbulence in financial markets. The ongoing discussions and expectations for the future are quite bleak. In this study, we analyze the current status of the deterioration in foreign exchange markets by comparing it with the turbulence seen in the...

This research is willing to evaluate the behavior and characteristics of a worldwide pandemic economic crisis (COVID-19) and a global financial crisis in the year 2008. We propose a new indicator to compare these two types of crises. The new indicator is entitled “The economic leakage Index...