I think it is important to distinguish when you look at analogies with the past of what types of crises we are confronting and it seems to me to be helpful to distinguish between supply shocks and demand shocks. The great...
Securitization, stigmatized for being one of the main causes of the 2008 financial crisis, is in practice becoming an increasingly enticing mechanism for reviving assets and creating new ones. The establishment of a clear legal...
“Companies surveyed about this issue suggest that in its first stage the rebound could even be V-shaped, as we don’t see any damage to the supply side of the economy” – says Piotr Boguszewski, PhD, who is responsible for...
March and April 2020 will go in history as months with historically weak economic indicators. The representatives of the Fed and the ECB believe that the worst is behind us, but they are concerned that we may not return to the...
“The current crisis is a crisis of the real economy, which may turn into a banking crisis, but doesn’t have to. Fortunately, the Polish banks are well prepared, with high capital buffers, which will help to absorb the...
In the last weeks, prices of gold rose to near-eight-year highs, fueled by new cases of COVID-19 that are dampening hopes for a speedy economic recovery. In the physical market, the price of an ounce of gold increased to the...
The crisis caused by the pandemic and the necessity of introducing a lockdown, have mobilized governments to launch anti-crisis packages. Regardless of the differences between the individual economies, they all share a similar...
The history of economics does not provide any knowledge about crises like the one we are going through now. But it can teach us how to act quickly and decisively, says Professor Todd Knoop, macroeconomist at the Cornell...
“The longer the lockdown lasts, the more likely it is that there will be changes in consumer tastes, changes to production techniques and supply chains, and we will build more capacity for emergencies into health systems,”...
The COVID-19 pandemic has sent a global shockwave. According to EY experts, it meets all the criteria of a “black swan” event. It was impossible to predict and has a huge impact on reality, as confirmed by surveys conducted...