What Determines Social Distancing Evidence From Advanced And Emerging Market Economies


What Determines Social Distancing Evidence From Advanced And Emerging Market Economies
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What Determines Social Distancing Evidence From Advanced And Emerging Market Economies


What Determines Social Distancing Evidence From Advanced And Emerging Market Economies
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Author : Ms. Era Dabla-Norris
language : en
Publisher: International Monetary Fund
Release Date : 2021-05

What Determines Social Distancing Evidence From Advanced And Emerging Market Economies written by Ms. Era Dabla-Norris and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05 with Business & Economics categories.


The health and economic consequences of COVID-19 are closely tied to individual compliance with recommended protective behaviors. We examine the determinants of this compliance using survey data from the COVID Behavior Tracker for 29 advanced and emerging market economies between March and December 2020. Social distancing behaviors vary significantly by age, gender, occupation, and individual beliefs about COVID-19. In addition, those who trust their government’s response to COVID-19 are significantly more likely to adopt recommended behaviors and to self-isolate if advised, highlighting the need for well-coordinated actions on the health and economic fronts. We also find that mobility restrictions, such as stay-at-home orders, and mask mandates are associated with reduced social interactions and persistent increases in compliance. Together, these drivers account for over two-thirds of the regional differences in compliance, confirming their important role in increasing social distancing and containing the pandemic.



Covid 19 And Emerging Markets


Covid 19 And Emerging Markets
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Author : Cem Çakmaklı
language : en
Publisher:
Release Date : 2020

Covid 19 And Emerging Markets written by Cem Çakmaklı and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.


Abstract: We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model to Turkey. Sectoral supply shocks are based on the proximity requirements in each sector and the ability to work from home. Physical proximity determines the supply shock through its effect on infection rates. Sectoral demand shocks incorporate domestic and foreign demand, both of which adjust with infection rates. We calibrate demand shocks during COVID-19 using real-time credit card purchase data. Our results show that the optimal policy, which yields the lowest economic cost and saves the maximum number of lives, can be achieved under a full lockdown of 39 days. Economic costs are much larger for an open economy as the shocks are amplified through the international production network. A decline in foreign demand leads to losses in domestic sectors through international input-output linkages, accounting for a third of the total output loss. In addition, the reduction in capital flows deprives the network from its trade financing needs, where sectors with larger external finance needs experience larger losses. The policy options are limited given sparse fiscal resources to fight the pandemic domestically, while serving the external debt. We present historical evidence from 2001 crisis of Turkey, when fiscal, monetary and exchange rate policies were employed altogether to deal with a triple crisis of balance of payments, banking, and sovereign debt



Who Doesn T Want To Be Vaccinated Determinants Of Vaccine Hesitancy During Covid 19


Who Doesn T Want To Be Vaccinated Determinants Of Vaccine Hesitancy During Covid 19
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Author : Hibah Khan
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-06

Who Doesn T Want To Be Vaccinated Determinants Of Vaccine Hesitancy During Covid 19 written by Hibah Khan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-06 with Business & Economics categories.


Quick vaccine rollouts are crucial for a strong economic recovery, but vaccine hesitancy could prolong the pandemic and the need for social distancing and lockdowns. We use individual-level data from nationally representative surveys developed by YouGov and Imperial College London to empirically examine the determinants of vaccine hesitancy across 17 countries and over time. Vaccine demand depends on demographic features such as age and gender, but also on perceptions about the severity of COVID-19 and side effects of the vaccine, vaccine access, compliance with protective behaviors, overall trust in government, and how information is shared with peers. We then introduce vaccine hesitancy into an extended SIR model to assess its impact on pandemic dynamics. We find that hesitancy can increase COVID-19 infections and deaths significantly if it slows down vaccine rollouts, but has a smaller impact if all willing adults can be immunized rapidly.



Pandemics And Inequality Perceptions And Preferences For Redistribution


Pandemics And Inequality Perceptions And Preferences For Redistribution
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Author : Vybhavi Balasundharam
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-26

Pandemics And Inequality Perceptions And Preferences For Redistribution written by Vybhavi Balasundharam and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-26 with Health & Fitness categories.


This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in non-teleworkable jobs systematically have less favorable perceptions of government responses. Personally experiencing illness or job loss caused by the pandemic can shape people’s beliefs about the future, heightening uncertainties about prolonged job losses, and the imminent threat from automation. Economic anxieties are amplified in countries that experienced an early surge in infections followed by successful containment, suggesting that negative beliefs can persist. Support for pro-equality redistributive policies varies, depending on personal experiences and views about the poor. However, we find strong willingness to provide social safety nets for vulnerable individuals and firms by those who have a more favorable perception of government responses, suggesting that effective government actions can promote support for redistributive policies.



Global Waves Of Debt


Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03

Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.


The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.



Who Will Bear The Brunt Of Lockdown Policies Evidence From Tele Workability Measures Across Countries


Who Will Bear The Brunt Of Lockdown Policies Evidence From Tele Workability Measures Across Countries
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Author : Mariya Brussevich
language : en
Publisher: International Monetary Fund
Release Date : 2020-06-12

Who Will Bear The Brunt Of Lockdown Policies Evidence From Tele Workability Measures Across Countries written by Mariya Brussevich and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-12 with Business & Economics categories.


Lockdowns imposed around the world to contain the spread of the COVID-19 pandemic are having a differential impact on economic activity and jobs. This paper presents a new index of the feasibility to work from home to investigate what types of jobs are most at risk. We estimate that over 97.3 million workers, equivalent to about 15 percent of the workforce, are at high risk of layoffs and furlough across the 35 advanced and emerging countries in our sample. Workers least likely to work remotely tend to be young, without a college education, working for non-standard contracts, employed in smaller firms, and those at the bottom of the earnings distribution, suggesting that the pandemic could exacerbate inequality. Crosscountry heterogeneity in the ability to work remotely reflects differential access to and use of technology, sectoral mix, and labor market selection. Policies should account for demographic and distributional considerations both during the crisis and in its aftermath.



The Promise Of Fintech


The Promise Of Fintech
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Author : Ms.Ratna Sahay
language : en
Publisher: International Monetary Fund
Release Date : 2020-07-01

The Promise Of Fintech written by Ms.Ratna Sahay and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-01 with Business & Economics categories.


Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.



Businesses Resilience And Sustainability Evidence From Emerging Market Developing Economies


Businesses Resilience And Sustainability Evidence From Emerging Market Developing Economies
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Author : Reena Marwah
language : en
Publisher: World Scientific
Release Date : 2023-03-23

Businesses Resilience And Sustainability Evidence From Emerging Market Developing Economies written by Reena Marwah and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-23 with Business & Economics categories.


In a world of unprecedented disruption and market turbulence, business transformation revolves around the need to generate new values, unlock new opportunities, drive new growth, and deliver new efficiencies.The world is witnessing volatility in the environment, in technology, in the economy and in society. 'Business as usual' is no longer acceptable, and the pertinent question is how long can humanity continue pursuing consumption and growth predicated on ever-increasing efficiency. The Coronavirus pandemic has amplified concerns about the highly digitized, interconnected, and vulnerable state of the global economy, the relationship with nature, and the prospects for each living being on this planet, including people, to survive and to thrive. To navigate and survive the coming decade of transformative change, every business will need to harness all the ingenuity, creativity and imagination they can muster. Corporate leaders and entrepreneurs will be required to steer their businesses towards a new model of prosperity, based on green and regenerative principles. It is time for leaders in business to overhaul their purpose, plans and strategies for this new context and explore different futures, engage with new partners and create space for experimentation. The only way to prepare for the future is to explore how companies, especially medium and small enterprises as well as women led businesses can transform their future strategies to be more compatible with challenges such as cyber security, human security, ethical principles and financial transparency.This book presents a collection of empirical and original research papers on evolving business strategies within a dynamic global environment to provide valuable insights to scholars, academicians, practitioners, policymakers and students.



Policy Advice To Asia In The Covid 19 Era


Policy Advice To Asia In The Covid 19 Era
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Author : Changyong Rhee
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-05

Policy Advice To Asia In The Covid 19 Era written by Changyong Rhee and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-05 with Health & Fitness categories.


The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.



Business Economic And Financial Issues In Emerging Markets And Advanced Economies After The Covid 19 Crisis


Business Economic And Financial Issues In Emerging Markets And Advanced Economies After The Covid 19 Crisis
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Author : Giray Gozgor
language : en
Publisher: Frontiers Media SA
Release Date : 2023-11-22

Business Economic And Financial Issues In Emerging Markets And Advanced Economies After The Covid 19 Crisis written by Giray Gozgor and has been published by Frontiers Media SA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-22 with Medical categories.


This Research Topic is Volume 2 in the Research Topic series 'Economic and Financial Issues in the Post-COVID-19 World: Implications and Role of Public Health'. Both developed and developing economies have experienced significant risks and uncertainties due to the COVID-19 pandemic. There are still risks and uncertainty shocks of the COVID-19 in every aspect of the global economic and financial system, including investors' decisions and the financial sector's development. In this Research Topic, we aim to understand the dynamics of business, economic, and financial issues - including potential structural changes after the COVID-19 in emerging markets and advanced economies. This Research Topic’s main goal is to provide different aspects and consequences of economic and financial issues in emerging markets and advanced economies after the COVID-19 pandemic. In particular, we welcome interdisciplinary, empirical, and theoretical papers (panel data studies, survey studies, and time-series analyses) focusing on the business, economic, and financial issues after the COVID-19 crisis. We also welcome policy briefs of people working at central banks, governments, and other public institutions, focusing on these issues.