Sri Lanka’s economy was already showing signs of weakness before the COVID-19 pandemic. Growth and poverty reduction had slowed down in last five years. A restrictive trade regime, weak investment climate, episodes loose monetary policy an administered exchange rate contributed to external imbalances. Sustained fiscal disparities, driven primarily by low revenue collections, combined with tax c...

BACKGROUND From 2008 on, a severe economic crisis (EC) has characterized the European Union (E.U.). However, changes in substance use behavioral patterns as a result of the economic crisis in Europe, have been poorly reflected upon, and underlying mechanisms remain to be identified; METHODS In this review we explore and systematize the available data on the effect of the 2008 economic crisis ...

Suicides, hurricanes and economic crisis Director, Lopez Bernal et al. 1 detected a suicide rate trend, between 2005 and 2010, of a 0.3% decrease per month and, above this underlying trend, an 8% increase in Spanish suicide rates since the financial crisis using an interrupted time-series analysis. However, their model considers the economic crisis as an event that occurred suddenly in March 20...

Se considera que una economı́a entra en recesión técnica cuando ha experimentado por dos trimestres consecutivos un crecimiento negativo del producto interior bruto (PIB). Las crisis económicas, con frecuencia precedidas por crisis financieras, aumentan el desempleo y el empobrecimiento de las familias. Los economistas estudian con gran atención la dinámica de los ciclos económicos desde que Kon...

The character Gordon Gecko in the film “Wall Street” lived by the mantra “Greed is Good.” The events that unfolded toward the end of 2008 exposed in dramatic fashion the downside to greed and led to the worst global economic crisis since the Great Depression of the 1930s. Economic contagion in the US spread rapidly as many countries experienced failures in key businesses, declines in consumer w...

This paper discusses modern macroeconomic and financial models in the light of the current crisis. Theory has been revealed to be inadequate in its explanation of the origins and the nature of the crisis, as Jean-Claude Trichet the Governor of the European Central bank and his colleagues at other central banks have indicated. Basic macroeconomic models, however sophisticated have continued to b...

In the past five years, several scientific articles have claimed that the increase some countries have registered in suicide rates since 2008 is somehow related to the economic crisis. Other research has suggested that the impact of specific economic problems on the probability of suicidal behavior is often mediated by other individual-level factors, mainly psychological and physical, whose neg...

Roundtable Description: The recent financial and economic crisis in the world’s richest economies has exposed developing countries, already affected by the lingering impact of the fuel crisis, to an economic slow-down. Moreover, emerging economies continue to face exacerbated challenges in providing adequate nutrition and care to its poor populations. The devastating consequences of weatherrela...

The Icelandic banking crisis provides a useful example of how the global economic downturn transformed into a domestic crisis and then transformed again into an international conflict. Rather than a strict economic analysis, discussion around the economic causes and potential cures surrounding the Icelandic banking crisis have been framed in terms of ethics. The analysis shows that ethical para...