Monthly Archives: March 2020

We Need a Bold Financial Response to Coronavirus

By Myriam Vander Stichele | Guest Blog | March 20, 2020

Now that the financial markets are in turmoil, authorities are providing ever more robust measures and extra capital. But the panic in the financial markets is very much of its own making. The financial industry succeeded for years in fiercely opposing intervention and regulation that would have prevented the current financial distress. Authorities now have to face the resulting weak regulatory framework and restrict the viral excesses of the financial industry’s behavior. Rather than fleeing and waiting on the…

How to Manage the Economic Fallout of the Coronavirus

By Kavaljit Singh | Briefing Paper # 33 | March 19, 2020

The novel coronavirus (Covid-19) is rapidly spreading around the world. The first case of coronavirus was reported in the Chinese city of Wuhan in December 2019, but now it has spread to every continent except Antarctica. As of 18 March, 211,200 people have been infected, and at least 8,822 have died across six continents.

At the time of writing, there are no signs of coronavirus abating outside China. The virus, recognized as a pandemic by the World Health…