Covid-19 and Capitalism : : Success and Failure of the Legal Methods for Dealing with a Pandemic.

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Bibliographic Details
Superior document:Economic and Financial Law and Policy - Shifting Insights and Values Series ; v.7
:
Place / Publishing House:Cham : : Springer International Publishing AG,, 2022.
©2022.
Year of Publication:2022
Edition:1st ed.
Language:English
Series:Economic and Financial Law and Policy - Shifting Insights and Values Series
Online Access:
Physical Description:1 online resource (1109 pages)
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Table of Contents:
  • Covid-19 and Capitalism
  • Preface
  • Legal Disclaimer
  • Contents
  • List of Figures
  • List of Tables
  • Chapter 1: Origin and Causes of Covid-19
  • 1.1 Origin of Covid-19
  • 1.1.1 The Covid-19 Epidemic: A Basic Chronology
  • 1.1.2 Nature of Covid-19
  • 1.1.3 Plausible Causes of the Covid-19 Outbreak
  • 1.2 How Capitalism (Ab)uses the Earth and Its Resources
  • 1.3 Further Impact of Globalization
  • 1.4 Capitalist Exploitation Methods as an Obvious Recipe for a Pandemic
  • References
  • Chapter 2: Initial (State) Response to Covid-19
  • 2.1 The Neoliberal State as the Socio-Economic Background Against Which Covid-19 Hit the World
  • 2.1.1 Neoliberal Diminishment of the Welfare State Model vs the Ideal Neoliberal State Model
  • 2.1.2 Underlying Neoliberal Doctrines
  • 2.1.3 Possible National Accents
  • 2.1.4 Some Further Specifics on the US Economic and Public Policy in the Period 2016-2018, with Its Impact on Healthcare
  • 2.1.4.1 Overall Intent of the Public Policy of the Trump Administration in Matters of Socioeconomics
  • 2.1.4.2 Healthcare Reform (Attempts)
  • 2.1.4.3 How Donald Trumpś Health Policy Has Undermined the US-and the Worldś-Ability to Deal with Covid-19
  • 2.2 Other Examples of Neoliberal Ideas and Working Methods Which Have Been Ideal for Helping to Spread Covid-19
  • 2.2.1 General
  • 2.2.2 Capitalist Agricultural Methods
  • 2.2.3 Travelling and Tourism
  • 2.2.3.1 General
  • 2.2.3.2 Arrival of Covid-19 in Europe
  • 2.2.3.3 Arrival of Covid-19 in the United States (via Inbound Travellers from China and Italy)
  • 2.2.3.4 Provisional Conclusions
  • 2.2.4 Laissez-Faire, Laissez-Passer
  • 2.2.5 The (Abominable) Situation of the Health Care Sector at the Beginning of 2020
  • 2.2.6 The (Abominable) Situation of the Nursing Home Sector in Early 2020
  • 2.2.7 Supremacy of Economic Interests.
  • 2.2.8 Neoliberal Education (as a System of Childcare for Working Parents)
  • 2.2.9 In-Between Conclusion: Neoliberal Public Policy Choices Having Delivered Some of the Main Reasons for the Fast Spread of...
  • 2.3 The EUś Utter Lack of Coordination in Responding Early to the Covid-19 Crisis During February and Early-March 2020
  • 2.4 Covid-19 Response in Some Specific European Countries
  • 2.4.1 First Indications of Trouble (March 2020)
  • 2.4.1.1 An Italian Wakeup Call
  • 2.4.1.2 The Role of Ischgl in the Contamination of the European Continent Revisited
  • 2.4.1.3 Attempts at Classification
  • 2.4.2 Response of European Countries During the First Year of the Covid-19 Pandemic (±March 2020 to ±March 2021)
  • 2.4.2.1 Countries That Have Reacted-More or Less-Decently
  • 2.4.2.1.1 Nordic and Baltic States
  • 2.4.2.1.2 Greece
  • 2.4.2.1.3 Germany
  • 2.4.2.1.4 Austria
  • 2.4.2.2 European Countries That (Initially) Responded (Rather) Poorly
  • 2.4.2.2.1 Sweden
  • 2.4.2.2.2 Czechia
  • 2.4.2.3 European Countries That (Already from the Start) Responded (Rather) Miserably
  • 2.4.2.3.1 Italy
  • 2.4.2.3.2 France
  • 2.4.2.3.3 Spain
  • 2.4.2.3.4 The Netherlands
  • 2.4.2.3.5 The United Kingdom
  • 2.4.2.3.5.1 Failed Attempts of Coping with the Covid-19 Pandemic
  • 2.4.2.3.5.2 Economic Impact During 2020
  • 2.4.2.3.5.2.1 Overall Economic Consequences
  • 2.4.2.3.5.2.2 Estimates About the UK Government Spending
  • 2.4.2.3.5.3 The UK Roadmap Out of Lockdown
  • 2.4.2.3.6 Belgium
  • 2.4.2.3.6.1 Introduction
  • 2.4.2.3.6.2 February 2020: ``Laissez-Faire, Laissez-Passer ́́(or ``No Need To Be Drama Queens)́́
  • 2.4.2.3.6.3 March 2020: Containment Measures
  • 2.4.2.3.6.4 April 2020: Reopening of the Economy
  • 2.4.2.3.6.5 In-Between Assessment of Belgiumś Handling of the First Wave of the Covid-19 Pandemic.
  • 2.4.2.3.6.6 May 2020: Towards the Second Wave of the Covid-19 Pandemic
  • 2.4.2.3.6.7 October to November 2020: Belgiumś Second Wave
  • 2.4.2.3.6.8 Early 2021
  • 2.4.2.4 By Comparison (1): The Successful Examples of Taiwan, New Zealand and South Korea
  • 2.4.2.4.1 Taiwan
  • 2.4.2.4.2 New Zealand
  • 2.4.2.4.3 Some Ups and Downs of the Covid-19 Containment Attempts in South Korea
  • 2.4.2.4.4 Lessons from the Approach of Taiwan, New Zealand, and South Korea for Other Countries
  • 2.4.2.5 By Comparison (2): The Failed Example of Brazil
  • 2.4.3 Second Year-and Third Wave-of the Covid-19 Pandemic in the EU and Its Member States
  • 2.4.3.1 When, Despite Several WHO Warnings, the Third Wave of the Covid-19 Pandemic Still Hit Europe
  • 2.4.3.2 End-March 2021 Containment Measures
  • 2.4.3.3 Looking for Explanations
  • 2.4.3.3.1 Introduction
  • 2.4.3.3.2 New SARS-CoV-2 Variants
  • 2.4.3.3.3 The EU Vaccination Disaster
  • 2.4.3.3.4 Covid-19 Pandemic Fatigue
  • 2.4.3.4 End-April 2021: Relaxing the Covid-19 Lockdown Measures
  • 2.5 Covid-19 Response in the United States
  • 2.5.1 The Early Days
  • 2.5.2 President Donald Trumpś Many Political Shenanigans in (Not) Dealing with the Covid-19 Pandemic
  • 2.5.3 Americaś Withdrawal from the WHO
  • 2.5.4 Practical Handling of the Covid-19 Crisis in the United States by the Trump Administration
  • 2.5.4.1 The Missing First Six Weeks
  • 2.5.4.2 March 2020 to April 2020: On Proclaiming Covid-19 a Hoax, Advising the Use of Hydroxychloroquine, Disinfectant, and UV...
  • 2.5.4.2.1 Overview of the Trump Administrationś Health Policy of March 2020
  • 2.5.4.2.2 The Political Debate on Hydroxychloroquine
  • 2.5.4.3 May 2020 to June 2020: Reopening the Economy, While Facing Rising Figures
  • 2.5.4.4 Summer 2020: New Signs of Trouble
  • 2.5.4.5 August 2020: The Sturgis Motorcycle Rally.
  • 2.5.4.6 September 2020: Some New Insights and Measures
  • 2.5.4.7 October 2020: The US President and First Lady Catch Covid-19
  • 2.5.4.8 New England Journal of Medicine Editorial Interim Evaluation
  • 2.5.4.9 October 2020 to December 2020: Rising Number of Cases and Deaths
  • 2.5.5 Assessment of the Trump Administrationś Policy on Covid-19
  • 2.5.6 Situation in the United States Early-March 2021
  • 2.5.7 The Third Wave of the Covid-19 Pandemic in the United States
  • 2.5.8 Tragedy in the US Prisons
  • 2.6 Conclusions
  • References
  • Chapter 3: Monetary Response to and Financial Implications of Covid-19
  • 3.1 Monetary Response to Covid-19 in General
  • 3.2 Monetary Response by the European Monetary Union
  • 3.2.1 General
  • 3.2.1.1 Background of the ECB Monetary Policy from 2008 Until 2020
  • 3.2.1.2 A Legal Discussion
  • 3.2.2 Interest Rate Policy
  • 3.2.3 Deploying Monetary Tools in Response to the Covid-19 Outbreak
  • 3.2.3.1 Refinancing Operations
  • 3.2.3.1.1 General
  • 3.2.3.1.2 Longer-Term Refinancing Operations (LTROs)
  • 3.2.3.1.3 Targeted Longer-Term Refinancing Operations (TLTROs)
  • 3.2.3.1.4 Pandemic Emergency Longer-Term Refinancing Operations (PELTROs)
  • 3.2.3.2 Quantitative Easing
  • 3.2.3.2.1 General
  • 3.2.3.2.2 Asset Purchase Programme (APP)
  • 3.2.3.2.3 Use of the APP During the Covid-19 Pandemic
  • 3.2.3.2.4 Pandemic Emergency Purchasing Programme (PEPP)
  • 3.2.3.3 Corporate Sector Purchase Programme (CSPP)
  • 3.2.4 EMU Collateral Framework
  • 3.2.4.1 Origin and Original Scope
  • 3.2.4.2 Adaptation to the EMU Collateral Framework due to Covid-19
  • 3.2.5 Currency Repo and Swap Lines
  • 3.2.6 Evaluation
  • 3.3 United States
  • 3.3.1 General
  • 3.3.2 Interest Rate Policy and Forward Guidance
  • 3.3.3 Measures to Support Financial Markets
  • 3.3.3.1 General
  • 3.3.3.2 Primary Dealer Credit Facility (PDCF).
  • 3.3.3.3 Money Market Mutual Fund Liquidity Facility (MMLF)
  • 3.3.3.4 Repo Market Policy
  • 3.3.4 Loans to Banks
  • 3.3.5 Quantitative Easing
  • 3.3.6 Support Measures for Corporations and Businesses
  • 3.3.6.1 Primary and Secondary Market Corporate Credit Facilities
  • 3.3.6.2 Commercial Paper Funding Facility (CPFF)
  • 3.3.7 Main Street Lending Program (and Similar Programs)
  • 3.3.8 Paycheck Protection Program Liquidity Facility
  • 3.3.9 Further Support to Households and Consumers
  • 3.3.10 Supporting State and Municipal Borrowing
  • 3.3.11 US Money Markets Policy
  • 3.3.12 Evaluation of the FEDś Covid-19 Policy
  • 3.4 IMF
  • 3.4.1 IMF Policy in General
  • 3.4.2 IMF Monitoring and Coordination
  • 3.4.3 IMFś General Debt Policy
  • 3.4.4 IMF Support Through Loans
  • 3.4.4.1 General
  • 3.4.4.2 (Eased Conditions of Borrowing Under the IMF) Stand-By Arrangement (SBA)
  • 3.4.4.3 (Eased Conditions of Borrowing Under the IMF) Extended Fund Facility (EFF)
  • 3.4.4.4 Rapid Credit Facility (RCF)
  • 3.4.4.5 Rapid Financing Instrument (RFI)
  • 3.4.4.6 Short-Term Liquidity Line (SLL)
  • 3.4.4.7 Extended Credit Facility (ECF)
  • 3.4.4.8 Flexible Credit Line (FCL)
  • 3.4.4.9 Precautionary and Liquidity Line (PLL)
  • 3.4.4.10 Standby Credit Facility (SCF)
  • 3.4.4.11 Catastrophe Containment and Relief Trust (CCRT)
  • 3.4.4.12 Overview in Some Tables
  • 3.4.5 IMF Surveillance
  • 3.4.5.1 General
  • 3.4.5.2 Country Surveillance
  • 3.4.5.2.1 General Characteristics
  • 3.4.5.2.2 The 2020 Article IV Report with Regard to the United States
  • 3.4.5.3 Regional Surveillance
  • 3.4.5.3.1 General
  • 3.4.5.3.2 The 2020 Article IV Report Concerning the Euro Area
  • 3.4.5.4 Global Surveillance
  • 3.5 Increase of Debt
  • 3.5.1 Introduction
  • 3.5.2 Global Debt in General and Government Debt in Particular
  • 3.5.2.1 Findings of the Institute of International Finance.
  • 3.5.2.2 Findings of Eurostat.