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The globalization of the COVID-19 pandemic and its economic impacts is set to run havoc across economies in the world, throwing many into recession and possibly depression. The aim of this paper is to provide an overall understanding of the likely macroeconomic shocks of the pandemic on a diverse range of economic activities and indicators across economies. The paper covers implications to demand, supply, supply chain, trade, investment, price level, exchange rates, and financial stability and risk, growth, and international cooperation. The paper combines a unique theoretical impact mapping and supplements it with emerging evidence to develop the impacts' likely progression and span. Furthermore, the paper uses a standard Aggregate Demand and Aggregate Supply (AD-AS) model of macroeconomics to explain the likely growth effects arising out of essential and non-essential goods markets and outlines necessary features policy responses should consider. Data and information to analyze the impacts are assimilated from different sources, including news and media publications, the OECD, and IHS Markit-CIPS. Assessments of this paper suggest that many economies are about to see a period of stagflation driven by demand and supply slump, increased unemployment, deflationary pressure, reduced trade flows, and disruptions in the supply chain, which may result in a recessionary period if not acted fast with innovative policy responses. As almost all economies are badly affected, a global growth recession is imminent if the pandemic continues. However, based on past experience of pandemics and epidemics and the current evidence, a U-shaped recovery pattern is the most optimistic possibility for most countries and the world economy. The paper could help policy-makers in understanding the pandemic's broad-based impacts and policy needs to fight the imminent economic damage. Particularly, assessments with respect to the essential and non-essential goods markets could provide useful insights in designing appropriate policy responses to fight the pandemic. All considered, the paper calls for a collective and globalized response alongside standalone policy responses undertaken by individual economies. The assessments are broadly in line with the limited literature available on macroeconomic implications of CVODI-19 and could serve as a basis for advanced analysis on COVID-19 economics. JEL Classifications: F40, I15, E1, E6 Keywords: COVID-19, coronavirus, coronanomics, pandemic, economic impacts Corresponding Author's Email Address: sbarua@du.ac.bd, INTRODUCTION The outbreak of the novel coronavirus, termed as COVID-19 (also known as SARS-CoV-2) by the World Health Organization (WHO), is declared a pandemic by the WHO. The rapid 'globalization' [...]

Financing through the supply‐driven green bonds market has significantly surged in recent years. In this paper, we examine the factors influencing the size of financing though green bond supply, using cross‐section OLS regressions on a global dataset for 8 years (2010–2017) sourced from Bloomberg. We consider a set of tridimensional factors: bond characteristics, issuer characteristics, and market characteristics and examine their effects on issue size. Alongside whole sample estimation, we produce year‐wise estimations to realize the evolution and persistence of the effects over time. We then produce estimates across rating grades of the bonds. Finally, we carry Blinder–Oaxaca decomposition to see if average issue size has significantly changed over time and whether the factors considered can explain the difference. We find a large number of factors affecting issue size asymmetrically; however, many of the effects do not persist over time and are heterogeneous across rating grades. In contrast to the aggregate market trend, we find no evidence of increases in average issue size in the recent year. Furthermore, the average financing size is found significantly lower for high‐grade bonds. The paper provides a basis for encouraging green bond supply, particularly considering the rating of the bonds and the issuers. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic is producing significant economic and social cost globally. As a cure or a treatment is yet unavailable, social distancing is considered the key way to prevent it. Mobility restrictions and confinement measures implemented across the world are considered to help reduce air pollution. However, empirical examination of the link between public mobility changes and air pollution during the COVID-19 period remains unavailable. This paper examines the short and long run impacts of mobility changes on carbon monoxide (CO) emissions by employing three dynamic estimators on a panel of 35 countries covering daily data from 15 February to April 17, 2020 - a period when most countries went into strict lockdowns. Findings show a consistent evidence at the all-countries level and across regions that long-run indoor mobility increases reduce CO emissions, while outdoor mobility increases across places such as transit stations, workplaces, grocery & pharmacies, retail & recreation, and parks drive up emissions. Among the regions studied, Europe excluding the EU and the UK (−8.4%), followed by East Asia and the Pacific (−4.3%), sees a larger emissions reduction from increased indoor mobility. While short-run effects are limited in general, emissions in US-Canada respond to indoor and outdoor mobility changes in both the short (1.1%) and long run (−1.4%). Findings overall indicate that reducing unnecessary outdoor mobility could help in maintaining air quality in the post-pandemic world. [Display omitted] • Longer term lockdowns and mobility restrictions slow down CO emissions globally. • Europe experiences the largest declines in air pollution due to mobility restrictions in the long run. • Emissions decline due to mobility restrictions in the US and Canada in both short and long run. • Curbing people movement through more work-from-home could save the environment. [ABSTRACT FROM AUTHOR]