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Much has been revealed recently regarding the relative unpreparedness of Public Health Authorities and their governments in many countries. We show that a lack of preparedness for the Covid-19 pandemic resulted from four major types of shortcomings. First, even when there were problems noted in...
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There is an important interdependence between economic, financial and health policy actions. The recent Covid-19 crisis has demonstrated that, apart from the direct economic consequences from illness and death from the virus, the main economic and financial costs have been due to the varying...
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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...
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