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Persistent link: https://www.econbiz.de/10009572874
We measure the economic risk of COVID-19 at a geo-spatially detailed resolution. In addition to data about the current … prevalence of confirmed cases, we use data from 2014-2018 and a conceptual disaster risk model to compute measures for exposure …, vulnerability, and resilience of the local economy to the shock of the epidemic. Using a battery of proxies for these four concepts …
Persistent link: https://www.econbiz.de/10012231556
We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the … epidemic hazard prediction, we use data from 2014-2019 to compute measures for exposure, vulnerability, and resilience of the … local economy to the shock of an epidemic. Using a battery of proxies for these four concepts, we calculate the hazard (the …
Persistent link: https://www.econbiz.de/10012156716
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, and near-frictionless refinancing opportunities - led to vastly increased systemic risk in the financial system …
Persistent link: https://www.econbiz.de/10003889053
The paper proposes that the organization of financial markets is decided by the allocation of the liability to repay investors. Based on the liability allocation, the paper examines all possible modes of organizing finance and monitoring in an economy a la Townsend (1979). The equilibrium mode...
Persistent link: https://www.econbiz.de/10003896090
entrepreneurial activity on the entrepreneur. In academic literature, this one-sided risk allocation is usually justified by the …
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