Tag

Market Failures

All articles tagged with #market failures

finance2 years ago•2 min saved

Bank of Israel Governor: Currency Intervention Only Needed in Case of Market Failures

Bank of Israel Governor Amir Yaron stated that currency intervention to support the weaker shekel will only be considered if there are market failures. The central bank recently kept benchmark interest rates steady at 4.75% but hinted at potential rate hikes to combat inflation. The shekel has depreciated following new legislation on the Supreme Court, sparking protests. Yaron believes that market forces should dictate the shekel's value, but if there are significant movements or market failures, the central bank has the tools to intervene. The bank expects inflation to return to target levels in the first quarter of next year but remains vigilant and ready to raise rates if necessary.

via CNBC|

#bank-of-israel #currency-intervention #finance

healthcare2 years ago•3 min saved

The Impact of Cancer Drug Shortages on US Health System

Cancer care in the U.S. is facing a crisis due to severe shortages of critical drugs, including commonly used chemotherapy medications. The scarcity of these drugs is causing moral dilemmas for providers, who must prioritize patients and reduce doses to stretch supply. The market for generic intravenous drugs is particularly vulnerable to supply chain issues due to price-focused considerations and production consolidation. The continual race to lower prices leads to quality issues and manufacturers exiting the market, resulting in drug shortages. To address this crisis, a national protocol for drug shortages should be established, a comprehensive list of essential drugs should be maintained, and the FDA should increase supply chain transparency and identify alternative sources. Congress should pass legislation to incentivize manufacturers to improve quality and transparency and examine reimbursement policies to prevent future shortages.

via Barron's|

#cancer-care #drug-shortages #generic-drugs