The policy response to COVID-19 pandemic and its impact on the equity market sentiment: The Indian experience

We examine the dynamics of the impact of the evolving policy response during the COVID-19 pandemic on the equity market sentiment in India. We operationalise our study by examining the India VIX, the fear gauge of the Indian equity market as an indicator for the market sentiment, and the country level Government Response Index of the Blavatnik School of Government, Oxford University as an indicator for the policy response. The relation is examined through the Markov-switching model using high-frequency daily data from January 30, 2020, to May 31, 2021. The evidence suggests that the policy response has a positive impact on the market sentiment when the market is fearful. Further, the evidence suggests that both the high-fear state and the low-fear state of the market sentiment given by the model are short-lived indicating heightened volatility and possible speculation during the ongoing pandemic in the Indian equity market.     

Contagious COVID-19 policies: Policy diffusion during times of crisis

The COVID-19 crisis demanded rapid, widespread policy action. In response, nations turned to different forms of social distancing policies to reduce the spread of the virus. These policies were implemented globally, proving as contagious as the virus they are meant to prevent. Yet, variation in their implementation invites questions as to how and why countries adopt social distancing policies, and whether the causal mechanisms driving these policy adoptions are based on internal resources and problem conditions or other external factors such as conditions in other countries. We leverage daily changes in international social distancing policies to understand the impacts of problem characteristics, institutional and economic context, and peer effects on social distancing policy adoption. Using fixed-effects models on an international panel of daily data from 2020, we find that peer effects, particularly mimicry of geographic neighbors, political peers, and language agnates drive policy diffusion and shape countries' policy choices.     

The Nordic governments' responses to the Covid-19 pandemic: A comparative study of variation in governance arrangements and regulatory instruments

Government responses to the Covid-19 pandemic in the Nordic states—Denmark, Finland, Iceland, Norway, and Sweden—exhibit similarities and differences. This article investigates the extent to which crisis policymaking diverges from normal policymaking within the Nordic countries and whether variations between the countries are associated with the role of expertise and the level of politicization. Government responses are analyzed in terms of governance arrangements and regulatory instruments. Findings demonstrate some deviation from normal policymaking within and considerable variation between the Nordic countries, as Denmark, Finland, and to some extent Norway exhibit similar patterns with hierarchical command and control governance arrangements, while Iceland, in some instances, resembles the case of Sweden, which has made use of network-based governance. The article shows that the higher the influence of experts, the more likely it is that the governance arrangement will be network-based.     

Narrating a Global Crisis from Guayaquil in Real Time: Early Literary Responses to the COVID-19 Outbreak in Latin America

This article identifies and provides initial insight into the early literary responses to the COVID-19 outbreak in Latin America. It focuses on the case of Guayaquil, the epicentre of the pandemic in Ecuador, to examine how writers responded to the health emergency in real time by using online platforms. I argue that, while the virus was spreading, the death toll was rising, and the lockdown was at its most severe, a body of writing deeply engaged with the crisis was taking shape in digital outlets. Its study enables a uniquely contextual understanding of the global crisis from a Latin American perspective.     

The Causes of Disease Impact Denialism in Nicaragua's Response to COVID-19

The response of the Nicaraguan government to the COVID-19 emergency is an extreme case of disease denialism. Such denialism is a major threat to public health, so understanding the sources of this attitude is paramount. Three explanations are offered: (a) the autonomous logic of a polarised political conflict; (b) an explanation based on an economic rationale; and (c) the regime's mystical and religiously-inspired discourse. The denialist response of the government is inexplicable without referring to the characteristics of the political regime, its political discourse and its recent developmental trajectories since the massive 2018 protests and the ensuing political conflict.     

Necropolitics in the Jungle: COVID-19 and the Marginalisation of Brazil's Forest Peoples

COVID-19 has been particularly damaging to already vulnerable social groups, such as forest peoples. In Brazil, indigenous, Afro-Brazilian quilombolas and other racialised communities have suffered disproportionately under Bolsonaro's hands-off policy during the pandemic. We argue that, far from happenstance, this policy fits into a form of necropolitics towards forest peoples. Drawing from Achille Mbembe's seminal work, this article analyses how underlying (and sometimes overt) racism, cultural depredation, and government-supported deforestation constitute an assault now catalysed by the pandemic. Understanding forest peoples' disproportionate deaths in perspective is critical for addressing their growing vulnerability and the broader politics currently at play.     

Miscommunication in the COVID-19 Era

This article discusses issues around the communication of preventive health messages related to COVID-19 to indigenous language-speaking communities in Ecuador, Peru and Bolivia. Official communication is primarily in Spanish, and the many translation initiatives that have arisen do not always succeed in getting the message across due to the lack of cultural interpretation that needs to accompany the linguistic message. This situation compounds the vulnerability of indigenous peoples in the face of the crisis.     

Structural and Contingent Inequalities: The Impact of COVID-19 on Migrant and Refugee Populations in South America

In a comparative assessment of the pre-pandemic living conditions of migrants and refugees in six South American countries, we analyse the structural and contingent challenges imposed by the COVID-19 pandemic on these populations. We argue that they are particularly exposed to the harmful effects of the pandemic, given their segmented incorporation into labour markets and their limited and fragmented access to and exercise of health, housing, and other social rights. The evidence points to a significant deterioration in their livelihoods and social inclusion, and potential profound changes in (im)mobility regimes caused by pandemic-induced restrictive measures.     

城市灾难应急医疗救援体系建设的理论与实践:对防控新冠肺炎疫情的启示

新冠肺炎疫情的暴发暴露出我国在重大疫情防控体制机制、公共卫生应急管理体系等方面的短板。加强基础性的制度建设,是总结疫情教训、推动危机转化的关键。我国城市灾难应急医疗救援体系的建设可借鉴国际社会在修复理念、救灾体系、应用平台、志愿服务等方面的先进经验,通过采取法律体系建设、健全机构和完善基础设施、社会化普及等手段,尽快补齐短板、堵住漏洞、强化弱项,切实提高我国应对突发重大公共卫生事件的能力和水平。     

The Diputación de la Grandeza and the organization of ‘Retrospective Art Exhibitions’ in the second half of the nineteenth century

This paper analyses the art policies deployed by old Spanish nobility in the second half of the nineteenth century, and in particular those who became involved in organising what were then known as retrospective art exhibitions. The old nobility, whose families held titles that dated back to the sixteenth and seventeenth centuries and belonged to the category of Grandes (Grandees) of Spain, joined together in the Diputación de la Grandeza de España – a private association created in opposition to the new nobility. It was a consultative institution attached to the Crown and created in 1815 under the honorary presidency of the King. This paper argues that the distinction sought by this regrouping of the old nobility does not imply lack of engagement in the new artistic model based on the notion of fine arts, in which they were responsible for a number of rather telling nuances. As well as sharing with the bourgeoisie the general idea that the arts were in need of protection, the nobility cultivated the image that patronage of the arts was linked to tradition, and this had consequences for the evaluation of history, the musealisation of their private collections and the public reception of old art.