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Can AI Help Us Understand Whether To Bail Out Banks?

The Horizons Tracker

The decision to bail out banks en masse in 2009 was widely adopted yet far from uncontroversial. Research from UCL explores whether AI can help governments to decide whether to bail out a bank in crisis or not. This short-term cost is justified to the taxpayer because the long-term costs of bank defaults would be more harmful.

Banking 114
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How The Financial Crisis Saw Support For Populists Rise

The Horizons Tracker

The financial crisis of 2008 had global implications, but perhaps one of the most considerable was its impact in bolstering support for populist politicians. Research from MIT highlighted how people who succumbed to financial difficulty after the crisis became attracted to populist politics and politicians.

Crisis 121
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UNCTAD Report Argues For A New Approach To Tackling Financial Crisis

The Horizons Tracker

A paper from the UN Conference on Trade and Development (UNCTAD) argues that this monetary and fiscal policy could make the global recession worse and inflict damage that exceeds that seen during both the financial crisis of 2008 and the Covid pandemic. This is a matter of policy choices and political will. Faltering strategy.

Crisis 68
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How to Plan for Your Blended Family’s Future: Estate Planning Tips

Strategy Driven

Many people enter into a second marriage with existing assets like IRAs, insurance policies, and workplace pensions that need to be changed. This means sharing your bank statements, credit card balances, loan payments, and any alimony or child support you pay or receive. The estate planning process can be complex.

Planning 108
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Reskilling the Future of Work

HR Digest

The word crisis has given us some of the most beautiful lines in English literature, as seen in Oliver Twist : “It had been bright day, for hours, when Oliver opened his eyes; he felt cheerful and happy. The crisis of the disease was safely past. Coronavirus has changed the way Americans work. What should companies do now?

McKinsey 134
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How Racial Inequalities Affect Responses To Economic Shocks

The Horizons Tracker

The researchers used bank account data alongside voter registration data to understand how race and ethnicity sat alongside household spending behaviors. “Race and ethnicity are significant predictors of the degree to which households cut spending in response to income shocks,” the researchers explain. ” Spending changes.

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The True State Of “Zombie” Firms

The Horizons Tracker

As the financial crisis 0f 2008 ripped across the world, governments and central banks enacted numerous policies to try and limit the damage. New research from the Bank of Finland suggests not. This has obvious implications for subsequent policy measures to support companies through such crises.