Search results for "Crisi"

The Migration Crisis: An Introduction

2020

In 2015, the EU and its member states struggled to coordinate, communicate, and cooperate on the migration crisis as the chapters in this section show. Schilde and Wallace Goodman point out that while border security contains examples of deeper integration, asylum management policy has followed the scenarios of breaking down and muddling through. All the authors highlight the Dublin convention as particularly ill-devised and thus paving the way for the refugee crisis. Bosilca finds evidence for breaking down in addition to minimal reforms of border security policy that constitute muddling through. Crawford argues that the migration crisis provides evidence both of muddling through and headi…

Making Communication Strategy Choices in a Fast Evolving Crisis Situation—Results from a Table-Top Discussion on an Anthrax Scenario

2016

This paper aims at clarifying a timely topic of how communication strategy choices are made in evolving, complex crises, such as those caused by terrorism involving chemical, biological, radiological, or nuclear (CBRN) agents. This is done by examining data gathered from a table-top discussion among crisis communication experts, focusing on a scenario of an anthrax attack and analysed qualitatively. The communication experts followed the evolving crisis situation by gathering inputs from various actors in the crisis management network, thereby creating situational understanding, and interpreted these inputs for decision-making on communication strategies. The underlying process of coping wi…

Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds

2020

AbstractThis paper highlights some peculiar characteristics of the economic crisis induced by the spread of COVID-19. It suggests two intertwined policy measures in order to tackle the emergency phase of the crisis and to support the economy in the subsequent recovery phase. The proposed short-term policy measures offer policy responses in the event of a second wave of coronavirus infections in the coming months. In the aftermath of the emergency phase, the current proposal puts forward the implementation of a massive EU-wide recovery plan addressing the long-lasting technological and environmental challenges of these years, which will be financed by European institutions through the issuan…

Risk Management for Sustainable Sovereign Debt Financing

2021

We model sovereign debt sustainability with optimal financing decisions under macroeconomic, financial, and fiscal uncertainty, with endogenous risk and term premia. Using a coherent risk measure we trade-off debt stock and flow risks subject to sustainability constraints. We optimize static and dynamic financing strategies and demonstrate economically significant savings from optimal financing compared with simple rules and consols, and find that optimizing the trade-offs can be critical for sustainability. The model quantifies minimum refinancing risk and maximum rate of debt reduction that a sovereign can achieve given its economic fundamentals, and an extension identifies optimal timing…

Ajuste familiar durante la pandemia de la COVID-19: un estudio de díadas

2020

The global pandemic of COVID-19 has brought a host of vital changes to society Families and their children have had to adapt to new routines and situations, which may have increased or aggravated the suffering of emotional symptoms However, the presence of resilience and positive emotional regulation strategies can cushion this impact on families with young children The aim of the present study is to know the variables that explained the problems of family emotional adjustment to the COVID-19 pandemic, considering the dyads of parents and their adolescent children Thirty-one dyads of adolescents between 11 and 19 years old (M = 13 90;SD = 1 85) and their main caregivers participated, 93 50%…

Digitalization and sustainability: virtual reality tourism in a post pandemic world

2022

The government-imposed COVID-19 pandemic control measures brought the tourism sector to a complete halt. However, virtual reality (VR) tourism offered people a way to escape the isolation. Media reports and research have noted heightened activity in VR tourism, which has been touted as “alternative tourism” and “eco-tourism”. However, scholars have yet to determine whether this shift is temporary or will persist after the pandemic is over. Questions also remain regarding the factors driving this behaviour. The present study uses stimulus-organism-response theory (SOR) to propose a sequential mechanism of the interplay of antecedents and outcomes, theorising VR tourism as a sustainable touri…

DISTRIBUTISM - WAY FOR SUSTAINABLE ECONOMIC RECOVERY

2013

As history of the last centuries has shown, the capitalism and the communism are generating economic crisis, in connection with a deeper crisis, i.e. the spiritual crisis, driven by the tendency of man’s massification,, by which his spiritual qualities are strongly tainted over time. Distributism, promoting widespread ownership of productive ownership, is the only economic frame adequate to the anthropology of the person, namely of a true man.

Retrouver la coscience ecologique

2009

Monetary Policy and the Exchange Rate During the Asian Crisis: Identification Through Heteroscedasticity

2003

This paper examines whether a monetary policy tightening (i.e., an increase in the domestic interest rate) was successful in defending the exchange rate from speculative pressures during the Asian financial crisis. We estimate a bivariate VECM for four Asian countries, and improve upon existing studies in two important ways. First, by using a long data span we are able to compare the effects of an interest rate rise on the nominal exchange rate during tranquil and turbulent periods. Second, we take into account the endogeneity of interest rates and identify the system by exploiting the heteroscedasticity properties of the relevant time series, following Rigobon (2002). We find that while ti…

Portfolio diversification in the sovereign credit swap markets

2018

We develop models for portfolio diversification in the sovereign credit default swaps (CDS) markets and show that, despite literature findings that sovereign CDS spreads are affected by global factors, there is sufficient idiosyncratic risk to be diversified. However, we identify regime switching in the times series of CDS spreads and spread returns, and the optimal diversified strategies can be regime dependent. The developed models trade off the CVaR risk measure against expected return, consistently with the statistical properties of spreads. We consider three investment strategies suited for different CDS market participants: for investors with long positions, speculators that hold unco…