Andreas Steiner assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. His combination of a strictly international perspective with an analysis based on empirical research enables him to develop an analytical...

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...

The paper discusses the socio-economic challenges and their systemic features in the conditions of the COVID-19 pandemic as in the context of global as individual countries. The significant effect, such as increasing socio-economic uncertainty is analyzed. The research shows that in the...

The COVID-19 outbreak in the global scale has raised the concern about severe economic effects caused by the pandemic disease. Extant literature on global pandemic mainly focuses on the direct and indirect economic costs of the disease. However, the global outbreak of public health emergencies...