The coronavirus: Black swan and endowment shock
An external shock caused by an extraordinary and unpredictable effect, a “black swan” like COVID-19, is analyzed. It implies a shift of endowment in financial markets, and its effects on economic inequality, financial deepening and total economic income. Theoretical models are proposed, where the p...
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| Format: | Article |
| Language: | English |
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Universidade de Santiago de Compostela
2021-05-01
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| Series: | Revista Galega de Economía |
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| Online Access: | https://revistas.usc.gal/index.php/rge/article/view/7259 |