Allen N. Berger, Mustafa U. Karakaplan, Raluca A. Roman

The Economic and Financial Impacts of the COVID-19 Crisis Around the World (eBook, ePUB)

Expect the Unexpected

• Format: ePub

Produktbeschreibung

The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected provides an informed, research-based in-depth understanding of the COVID-19 crisis, its impacts on households, nonfinancial firms, banks, and financial market participants, and the effectiveness of the reactions of governments and policymakers in the United States and around the world. It provides reflections and perspectives on the social costs and benefits of various policies undertaken and a toolkit of preventive measures to deal with crises beyond the COVID-19 crisis.

Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman apply their expertise to the research and data on the COVID-19 economic crisis as well as draw on their own rich research experience. They take a holistic approach that compares and contrasts this crisis with other economic and financial crises and assesses economic and financial behavior and government policies in the booms before crises and the aftermaths following them, as well as the crises themselves. They do all this with a keen eye on "Expecting the Unexpected¿ future crises, and policies that might anticipate them and provide better outcomes for society.

• Serves as a compendium of available research and data on COVID-19, policies in response to the pandemic, and its effects on the real economy, banking sector, and financial markets
• Contextualizes the COVID-19 economic crisis by comparing it to two other global crises from the past: the Crash of 1929 and the Global Financial Crisis of 2007-2009
• Helps illustrate how crises that originate in financial markets and in the banking sector differ from each other as well as from the COVID-19 crisis that harmed the real economy first
• Compares the policies and outcomes of nations to the COVID-19 pandemic and assesses their costs and benefits, with potential implications for prospective future crises

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Produktdetails

• Verlag: Elsevier Science & Techn.
• Seitenzahl: 300
• Erscheinungstermin: 5. September 2023
• Englisch
• ISBN-13: 9780443152733
• Artikelnr.: 68868011

Autorenporträt

Allen N. Berger is H. Montague Osteen, Jr., Professor in Banking and Finance at the University of South Carolina, President of the Financial Intermediation Research Society, Senior Fellow at the Wharton Financial Institutions Center, and Fellow of the European Banking Center.

He has published over 125 articles in refereed journals, including in top finance journals, Journal of Finance, Journal of Financial Economics, and top economics journals, Journal of Political Economy and American Economic Review. He is co-author of two research books and co-edited all three editions of the Oxford Handbook of Banking. He serves on nine journal editorial boards, co-edited eight special issues of research journals, and formerly edited the Journal of Money, Credit, and Banking.

His research has been cited over 90,000 times, including 30 articles with over 1,000 citations each, and another 19 with over 500 citations each. He has given invited keynote addresses on five continents.

Inhaltsangabe

Part I. Focus of the book and other introductory materials Introduction to
Part I 1. Introduction to the economic and financial impacts of the
COVID-19 crisis and related topics 2. The COVID-19 pandemic versus past
epidemics, pandemics, and other health crises 3. The COVID-19 pandemic as a
"black swan" event - comparisons with natural disaster shocks 4. Conceptual
framework for economic, banking, and financial market cycles featuring
crises 5. Putting the COVID-19 crisis into context - comparison with
earlier global crises
Part II. Empirical evidence on economic and financial effects of COVID-19
crisis around the world Introduction to Part II 6. Empirical evidence on
the economic effects of COVID-19 crisis on national and local economies 7.
Empirical evidence on the economic effects of COVID-19 crisis on households
8. Empirical evidence on the economic effects of COVID-19 crisis on
nonfinancial firms 9. Empirical evidence on the effects of COVID-19 crisis
on banks 10. Empirical evidence on the economic effects of COVID-19 crisis
on financial markets
Part III. Government policy reactions to the COVID-19 crisis and their
economic and financial effects around the world Introduction to Part III
11. Putting the COVID-19 crisis policies into context - The Paycheck
Protection Program (PPP) versus the Troubled Asset Relief Program (TARP)
during the Global Financial Crisis (GFC) 12. Other policy reactions to the
COVID-19 crisis in the U.S. and their effects on local economies,
households, nonfinancial firms, banks, and financial markets 13. Policy
reactions to the COVID-19 crisis in the rest of the world and their effects
on economies, households, nonfinancial firms, banks, and financial markets
Part IV. The extraordinary recoveries in real economies, banking sectors,
and financial markets Introduction to Part IV 14. U.S. evidence 15.
Evidence from the rest of the world
Part V. Economic and financial effects during the aftermath of COVID-19
crisis around the world Introduction to Part V 16. Continuations versus
cutbacks of COVID-19 crisis policies in the crisis aftermath 17. Aftermath
effects on national and local economies 18. Aftermath effects on households
19. Aftermath effects on nonfinancial firms 20. Aftermath effects on banks
21. Aftermath effects on financial markets
Part VI. Lessons learned from the COVID-19 crisis Introduction to Part VI
22. Expect the unexpected and prepare for future crises