The Day After Tomorrow. Designing COVID-19 Bailouts for a Sustainable Recovery
Agustin Redonda | 4 May 2020
Blog,
Fiscal,
Monetary | Tags:
Bailouts,
Climate Change,
Covid-19,
Employment,
Inequality Governments around the world are taking extraordinary measures to mitigate the economic fallout of COVID-19. Their decisions in the weeks and months ahead will shape our lives for years to come. The fiscal packages that are being adopted as well as the funding that central
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Bail, or Bailout? Tax Experts Publish 5-Step Test for Covid19 Business Bailouts
Moran Harari and
Mark Bou Mansour | 27 April 2020
Blog,
Fiscal | Tags:
Bailouts,
Covid-19,
Tax Avoidance Following bans from Denmark, Poland and Argentina on companies registered in tax havens from receiving Covid19 bailouts[1], the Tax Justice Network has published a “bail or bailout” test to clarify uncertainty on how governments can determine which companies are discreetly using tax havens to pay
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Is the United States Reneging on International Financial Standards?
Nicolas Véron | 20 April 2020
Blog,
Monetary | Tags:
Covid-19,
Debt,
Federal Reserve,
Financial Regulation The financial shock surrounding the COVID-19 pandemic has prompted the Federal Reserve to temporarily loosen an important capital-to-asset ratio requirement for US banks. In so doing, it is walking away from a decade-long commitment to global financial reforms forged in the wake of the global
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Argentina. A Short Blanket for the Coronavirus Long Night
Agustin Redonda and
José Siaba Serrate | 3 April 2020
Blog,
Fiscal,
Monetary | Tags:
Central Banks,
Covid-19,
Fiscal Space,
Health,
Inflation,
Informality The coronavirus has arrived, and Argentina has played its cards. First life, then the economy.
While it is non-debatable that the consequences of the pandemic will be enormous throughout the world, the magnitude of the impact is still uncertain. Argentina is a special case on three
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The ECB Response to COVID-19
Pierre Monnin | 27 March 2020
Blog,
Monetary | Tags:
Asset Purchases,
Covid-19,
European Central Bank,
Helicopter Money,
Targeted Refinancing Lines Since the outbreak of the COVID-19 crisis, the European Central Bank (ECB) committed to inject an additional 870 billion euro – about 7% of the euro area’s GDP – into financial markets to address the significant challenge the pandemic poses to the economy. Through its
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