COVID-19 and the financial system: a tale of two crises
Oxford Review of Economic Policy
2020
36
Supplement 1
s200-s214
epidemic disease ; economic recession ; financial system ; regulation
Business economics
https://doi.org/10.1093/oxrep/graa035
English
Bibliogr.
"This paper compares and contrasts the resilience of the financial system, in particular banks, during the Global Financial Crisis and COVID-19. We show that banks are now part of the solution, rather than part of the problem, thanks to regulatory and institutional reforms over the past decade. Heeding the lessons from the Global Financial Crisis has paid dividends. We outline some early lessons from the COVID-19 crisis for the financial system going forward."
Digital
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