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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
  • Antonio Moreno
  • Steven Ongena
  • Alexia Ventula Veghazy
  • Alexander Wagner
Editors
  • Monica Billio
  • Simone Varotto
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
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
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