The scale of disruption arising from the Covid-19 pandemic can be overwhelming. Yet a number of common steps applicable across industries can help business leaders ground their response in fact, steer their teams through it – and make the most of opportunities arising at the other end.
At Intro Matchmaking, Fergal and I have taken drastic steps to keep the business Intro going during this crisis. Like many, we have made tough decisions, negotiated deals and are searching for creative ways to find our way through.
The US dollar is the only show in town because there is a dearth of accessible safe haven assets in the world. However, is likely to depreciate on a trade-weighted basis in the months ahead, once markets realise that the dollar funding squeeze is over.
One of Karl Polanyi’s key insights is that “man's economy, as a rule, is submerged in his social relationships”. The system we are in now is very different to the one we had in early February. What lessons will it teach us?
Co-ordinating public, private and voluntary healthcare providers will help deal with the crisis and communities have offered strong support – but former senior NHS official Audrey Mc Donnell asks will it be enough?
From helicopter money to a co-ordinated EU bailout, governments and central banks need to move fast to address the economic side of the coronavirus crisis.
Between households and indigenous enterprises, Constantin Gurgdiev does the math on the level of income and credit support required to keep the economy on life support during the crisis – and calls for a whole new form of money printing to finance it.
Roundly dismissed in the past, the stunning spectre of major central banks creating and spending vast quantities of money without recourse to taxpayers or bond markets has propelled Modern Monetary Theory towards the mainstream.
Spending now will save tomorrow's economy, so this is the moment to spend big and to spend fast. And we need a wage support scheme to be introduced today.
As an NHS commissioner Audrey Mc Donnell played a senior role in Britain battling swine flu. In her second column for the Currency, she writes that to control the infection and to protect staff, Ireland should move to the highest level of preparedness as soon as possible.
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