Times of Crisis, Times of Opportunity

Times of crisis, times of action.

At the recent Academy of Canadian Executive Nurses (ACEN) Annual Meeting in November 2008 in Ottawa, I had the privilege and honour of becoming president of this dynamic organization. Founded more than 30 years ago, ACEN represents the voice of senior academic nursing leadership in Canada, helping to set directions for healthcare policy and contributing to the alignment and advancement of the n...

Justice in Times of Crisis

State Finance in Times of Crisis

As recent events illustrate, state finances are pro-cyclical: during recessions, state revenues crash, worsening the effects of economic downturns. This problem is well-known, yet persistent. We argue here that, in light of predictable federalism and political economy dynamics, states will be unable to change this situation on their own. Additionally, we note that many possible federal remedies...

Equity Integration in Times of Crisis

This paper applies a simple new test for asset integration to two episodes of crises in financial markets. Our technique is tightly based on a general intertemporal asset-pricing model, and relies on estimating and comparing expected risk-free rates across assets. Expected risk-free rates are allowed to vary freely over time, constrained only by the fact that they are equal across (risk-adjuste...

Risk communication in times of crisis

I n 2013, a 2-year-old boy in Guinea in West Africa was infected with the Ebola virus. In the following months, the virus spread quickly, eventually reaching the USA and Western Europe and causing the largest Ebola epidemic to date. For risk communicators, the epidemic is an interesting case study for risk communication in both African and Western countries during a crisis. It raises intriguing...