August 2020

07Aug

A New World Post COVID-19: Lessons for Business, the Finance Industry and Policy Makers

By Monica Billio, Simone Varotto Pandemics are disruptive events that have profound consequences for society and the economy. This volume aims to present an analysis of the economic impact of COVID-19 and its likely consequences for our future. This is achieved by drawing from the expertise of authors who specialize in a wide range of fields including fiscal and monetary policy, banking, financial markets, pensions and insurance, artificial intelligence and big data, climate change, labor market, travel, tourism and...

August 7, 2020
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July 2020

09Jul

PRTs could help plug UK infrastructure ‘mega-gap’ – L&G

Insurers and other pension risk transfer (PRT) providers are "ready" to invest up to £190bn of pension money into UK infrastructure over the next decade, analysis by Legal & General (L&G) has found. This would plug almost a fifth of the UK’s infrastructure funding “mega-gap”, which, according to the firm, is likely to be as much as £1trn as regions across the UK "call out for greater investment to support our society’s needs”. The report, The power of pensions:...

July 9, 2020
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08Jul

Pakistan caps pensions and salaries on brink of Covid-19 financial collapse

Pakistan’s financial woes are going from bad to worse as the national fiscal deficit surges to over 7% of gross domestic product (GDP) and could breach 9-10% as state revenues dry up amid Covid-19 economic devastation. That’s raising questions among analysts and business executives of whether the country is headed towards a budgetary blowout-induced financial collapse. Approved by the National Assembly on June 29, Pakistan’s 2020-21 budget is notable for a 3.4 trillion rupees (US$20.7 billion) fiscal gap that...

July 8, 2020
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June 2020
26Jun

Financing Africa’s Development: Paths to Sustainable Economic Growth

By Diery Seck This book examines the impact of financing on Africa’s economic development. By exploring various financial instruments including the role of alternative sources of funding like migrant remittances and illicit flows, it analyses the role of financing for Africa’s macroeconomic development and other development indicators such as infrastructure, transport, global trade, industrialisation, social services, external indebtedness and governance. By presenting and examining case studies on various African countries and regions, the respective contributions investigate the capacity...

June 26, 2020
Books, Labor Market, System Sustainability, ,
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26Jun

Emerging economies and COVID-19 Closing in a world of informal and small companies

By Laura Alfaro, Oscar Becerra, Marcela Eslava Emerging economies are characterized by an extremely high prevalence of informality, smallfirm employment and jobs not fit for working from home. These features factor into how the COVID-19 crisis has affected the economy. We develop a framework that, based on accounting identities and actual data, quantifies potential job and income losses during the crisis and recovery for economies with different economic organization structures. Our analysis incorporates differential exposure of jobs across categories...

June 26, 2020
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20Jun

Journal of Pension Economics & Finance

By: Monika Bütler, Olivia S. Mitchell, J. Michael Orszag. The Journal of Pension Economics and Finance (JPEF) is the only academic journal focusing on the economics and finance of pensions and retirement income. The ageing population, together with the shrinking workforce, heralds a growing pensions crisis, which has become a key public policy issue in developed countries and elsewhere. JPEF provides a valuable and influential forum for international debate in this area. The journal is co-sponsored by the International Organisation of Pension Supervisors...

June 20, 2020
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20Jun

COVID-19: The Regulatory and Supervisory Implications for the Banking Sector : A Joint IMF-World Bank Staff Position Note

By: International Monetary Fund. Monetary and Capital Markets Department ; World Bank. This joint IMF-World Bank note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 pandemic and offers an overview of measures taken across jurisdictions to date. Read the complete book here

June 20, 2020
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18Jun

Covid-19 pandemic: Africa is outperfoming the rest of the world

Obscured by the myriad stories of coronavirus global devastation are three headlines from the continent with no shortage of epidemics, man-made and natural disasters. That would be Africa. Of its 54 countries, six are among the top 10 fastest-growing economies in the world this year. The continent is the favorite bazaar for appreciating equity after Eastern Europe and has one of the stock market's best-performing industries: communications. Africa finds itself with fewer Covid-19 cases than other heavily...

June 18, 2020
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12Jun

The Implications of the COVID-19 Pandemic for Pensions

By Charles Sutcliffe COVID-19 and the lockdowns have had a big global economic effect, as well as increasing mortality. We examine the effects of COVID-19 and the resulting relaxations of pension regulations on pension schemes. Those who transfer their pension or withdraw cash from their pension pot while asset prices are depressed by COVID-19 are losers; as are members of defined benefit schemes with a deficit whose employer fails due to COVID-19. The increased mortality from covid-19 will have...

June 12, 2020
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05Jun

The Political Economy of Pension Financialisation

By Anke Hassel, Tobias Wiß The Political Economy of Pension Financialisation addresses – for numerous countries – how and why pension reforms have come to rely more on financial markets, how public policy reacted to financial crises, and regulatory variation. The book demonstrates how the process of pension financialisation reveals that pension policy is not only a social policy that affects retirement income, but also a financial policy that impacts savings rates, corporate finance and the economy. The chapters...

June 5, 2020
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