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Contribution Details
Type | Book Chapter |
Scope | Discipline-based scholarship |
Title | The Global Financial Crisis and the COVID-19 Pandemic |
Organization Unit | |
Authors |
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Editors |
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Item Subtype | Original Work |
Refereed | Yes |
Status | Published in final form |
Language |
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Booktitle | A New World Post COVID-19: Lessons for Business, the Finance Industry and Policy Makers |
ISBN | 978-88-6969-442-4 |
Place of Publication | Venice |
Publisher | Fondazione Università Ca’ Foscari |
Page Range | 23 - 34 |
Date | 2020 |
Abstract Text | We sketch possible linkages between features of the 2008-2009 financial crisis and outcomes of the 2020 COVID-19 pandemic. We start from three features of the financial crisis, i.e. (1) costly bank bailouts, (2) constrained SME credit, and (3) strict bank regulation. We then discuss their intermediate outcomes in terms of: (1) sovereign debt accumulation and possible cuts in public health spending, (2) the slowing of economic growth and labour mobility; and (3) bank zombie lending, to arrive at the COVID-19 pan-demic severity in terms of infection and death rates and the difficulties in designing and implementing economic support policies. |
Free access at | Official URL |
Official URL | https://edizionicafoscari.unive.it/media/pdf/books/978-88-6969-443-1/978-88-6969-443-1-ch-01_PFlgLSw.pdf |
Related URLs | |
Digital Object Identifier | 10.30687/978-88-6969-442-4/001 |
Other Identification Number | merlin-id:19620 |
PDF File | Download from ZORA |
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