This book offers new insights into the real and financial sectors in the post-pandemic European Union, with a specific focus on the countries of Central and Eastern Europe and a special reference to Croatia. The contributors examine the timeliness, justification, and appropriateness of the measures taken in response to the deteriorating economic conditions and the associated outcomes. They further discuss various aspects of economic, financial, and energy policy. While doing so, they focus on two important issues. The first is an analysis and assessment of the financial development and performance of the real sector. The second is an insight into the institutional dimensions of the COVID-19 pandemic, including the discussion of obstacles and opportunities for recovery in the near future. The topics covered in this book include, but are not limited to, unconventional monetary policy, financial cycles, fiscal incentives, institutional development and institutional quality, the banking system, real estate markets, competitiveness, pension systems, financial regulation, energy markets, environmental, social, and governance (ESG) factors, as well as agricultural policy. Therefore, this volume will appeal to researchers, students, and scholars of finance and economics, as well as policy-makers interested in a better understanding of real and financial sectors, economic policy, and post-pandemic economic development in Central and Eastern Europe.

Austria is set to overcome the COVID-19 shock and its economic scars with the help of genuine sanitary, health and economic support policies. The country faces the opportunities and the challenges of two major structural transformations: transition to a net zero emission economy, and the generalisation of more advanced forms of digitalisation.

Gastronomic tourism has made remarkable progress within the past decade in both academia and within its own sector. However, many industries have suffered from the COVID-19 pandemic, and food tourism businesses had to take unique precautions for the health and safety of global consumers. Despite the economic turbulence of the COVID-19 pandemic, there are many strategies available for the restaurant industry to thrive. Gastronomy, Hospitality, and the Future of the Restaurant Industry: Post-COVID-19 Perspectives presents the most recent research surrounding food and gastronomy in relation to hospitality and tourism, highlighting emerging themes and different methods of approach. Concretely, it constitutes a timely and relevant compendium of chapters that offers its readers relevant issues in gastronomy and management strategies in the hospitality industry. Covering topics such as food tourism, organic food production, and restaurant communication, this book is an essential resource for managers, business owners, entrepreneurs, consultants, marketing specialists, government officials, libraries, researchers, academicians, educators, and students.

This Element focuses on the specific role of financial conglomerates in managing banking and financial stability. The Element aims to estimate financial stability in CEE using the constructed aggregate financial stability index, to incorporate the financial stability of the parent company into the index, and to assess the effect of the parent company on the financial stability of commercial banks and national financial sectors.

This book provides a comprehensive overview of the political impact of the COVID-19 emergency in central and eastern Europe and Eurasia. Offering a theoretical framework linking the authoritarian, post-Soviet institutional legacy with patterns of political behavior, support and governments’ policies, the expert contributors argue that domestic political regimes mediate and shape citizens’ perceptions of public health crises, and the very regimes’ political survival. The authors explore how the pandemic affected regime change, government stability, business groups and civil societies in more than 15 countries of the region from the discovery of the virus to the vaccination rollout. The studies rely on a broad range of empirical evidence from the region – survey, state statistics, ethnography and interviews. Formulating, explaining and empirically testing the causal mechanisms that drive political accountability and support through a cross-country comparison and in-depth case studies of popular and electoral support attempting to highlight any patterns specific to the region, this book contributes to studies of governance and political accountability in low-trust countries with authoritarian legacies and proclivities. Drawing on an interdisciplinary approach that brings together area studies, history, sociology and political science, it will also be of value to those interested in systematic effect of political regimes on handling public health crises.

This Research Handbook provides a comprehensive analysis of post-pandemic EU economic governance and Next Generation EU (NGEU) law. It explores the profound impact of Covid-19 on the architecture of EU economic governance, focusing on the establishment and implications of the NGEU Recovery Fund.

The COVID-19 pandemic upended our social and economic lives. Lockdowns forced firms to implement health and safety protocols, employees to work from home, and businesses of all sorts to close. Even as lockdowns eased, the landscape of work, commerce, leisure, and education was irrevocably transformed. While in many ways life has returned to normal, many of the changes wrought by the pandemic are here to stay. This book presents research on these transformations, examining how the economy and society were impacted. Organizing different aspects of the pandemic into individual chapters, this book examines issues such as financing structures, liquidity, profitmaking, investment, financial security, and market valuation, among other topics. Reflecting deep research as well as an extensive review of the literature, each chapter provides not just theoretical and empirical insight but also a set of policy recommendations to insure against similar crises in the future. Encompassing a range of case studies, it outlines strategies for dealing with the manifold challenges of today’s business environment. This book showcases the development of particular sectors over the course of the pandemic, and as such, serves as a valuable study, enabling a comprehensive analysis of topics ranging from economics to social dynamics. It provides a deep understanding of this unique period's wide-ranging challenges and transformations and underscores the central economic concern of the pandemic's effect on economic security, a topic discussed throughout several chapters. Furthermore, it includes a discussion on the broader scope of “polycrisis". This volume was designed to appeal to a wide range of readers interested in economics, management, regional studies, and related fields.

The COVID-19 pandemic had a devastating impact on tourist destinations in developing and developed countries. Though the entire globe was impacted, the short- and long-term implications for tourism as well as prospects for recovery vary across regions. This volume showcases research on the impact of COVID-19 on tourism from across the world. The book is divided into three parts, with the stage set by an introductory chapter that will provide a background and context. Part I contains chapters that explore the impact of COVID-19 on selected international tourist destinations. Part II showcases how various hotspots across the world adjusted to the new normal under pandemic conditions. Part III is a collection of chapters that address how various destinations are attempting to recover from the shocks of the COVID-19 pandemic. The concluding chapter, written by the editors, seeks to synthesize the lessons offered in the book and provide policy and practical implementation for the tourism industry and other important tourism stakeholders.

ASEAN’s real gross domestic product (GDP) had declined sharply due to the COVID-19 pandemic. The economic downturn and the uncertainty about the future reduced the new investments in green projects drastically. Besides this, many governments rolled back environmental regulations and taxes and increased fossil-fuel intensive infrastructure and electricity to stimulate economic growth. Post-Pandemic Green Recovery in ASEAN consists of several empirical studies using fresh data, with regional and country-level perspectives on ways to keep the greenness of the economic recovery plans. The chapters look at various aspects and sectors, including tourism, infrastructure, energy, small and medium enterprises (SMEs), employment, and livelihood, by assessing the effectiveness of various tools and instruments, including green finance, carbon taxation, green Sukuk, credit guarantee, cash transfer payment, power purchase agreements, and the related policies. They also provide practical policy recommendations useful for the ASEAN member states and other developing regions for the green recovery in the post-pandemic. Reiterating the importance of green and low-carbon mechanisms and climate change tackling policies besides the usual economic recovery strategies, this book is a precious resource for the researchers of economics, finance, ASEAN and Asian studies, and policymakers.

The digital revolution post-pandemic will lead to a radical departure from the traditional model of monetary exchange. The creation of a Digital Financial Market Infrastructure will underpin the unbundling and re-bundling of the functions of money within society. Although digital money itself is not new to modern economies, digital legal tender (DLT) facilitates instantaneous peer-to-peer transfers of value in a way that today is impossible. The importance of digital connectedness, will often supersede the importance of macroeconomic links, and lead to the establishment of “Digital Financial Markets” linking the currency to membership of a particular financial market rather than to a specific country. Capitalism underpins wealth generation and hence the existence of a digital financial market. Capitalism is an economic system in which private individuals or corporations own and control the flow of capital throughout society. Capitalism is built on the idea that compensation and profits derived from capital allocations reflect the relative contribution an individual or firm makes from the utilisation of capital to the total wealth of a society. The genius of capitalism lies in its ability to produce organic answers to most problems of scarcity and resource allocation. Markets tend naturally to reward the ideas that prove most useful, and to penalize dysfunctional behaviour. They can bring about broad-based outcomes that states cannot, by driving vast numbers of individuals to adjust their behaviour in response to price signals. Capital is the defining feature of modern economies that transforms mere wealth into an asset that creates more wealth. Capital is the lifeblood of capitalist societies, yet capital unequal distribution throughout the community codifies the widening wealth gap between the holders of capital and everybody else.