, ; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "COVID-19 Vaccination and Financial Frictions"; ; "kate.s.hansel@mpls.frb.org"; "Federal Reserve Bank of Minneapolis"; "COVID-19", "Financial market conditions", "Vaccination", "Fiscal space"; "I18 - Health: Government Policy; Regulation; Public Health", "F34 - International Lending and Debt Problems", "F41 - Open Economy Macroeconomics"; "We study the COVID-19 epidemic in emerging markets that face financial frictions and its mitigation through social distancing and vaccination. We find that restricted vaccine availability in emerging markets, as captured by limited quantities and high prices, renders the pandemic exceptionally costly in these countries, compared with economies without financial frictions. Improved access to financial markets enables a better response to the delay in vaccine supplies, as it supports more stringent social distancing measures before wider vaccine availability. We show that financial assistance programs to such financially constrained countries can increase vaccinations and lower fatalities, at no present-value cost to the international community."^^; "2022-06-30"; "2021-12-15T19:45:08.866272373+00:00"^^; ; "https://doi.org/10.21034/sr.632"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2023-03-09T14:59:09.593018174+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "33", "49", "523"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "632"; "Financial market conditions", "Fiscal space", "COVID-19", "Vaccination"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _IMF Economic Review_ (Vol. 71, pp. 216-242), https://doi.org/10.1057/s41308-022-00186-4."^^; ; "Publication" . ; ; . ; ; .