financial system. This currently unfolding systemic shock comes a little more than a decade after the last financial crisis. In … the intervening years, much as been written about the global financial crisis of 2008 and its systemic dimensions … developed for the analysis of systemic financial risks in the aftermath of the last financial crisis. We compare and contrast …

nation’s second largest, following that suffered in the wake of the 1997–98 Asian financial crisis, with severe shocks to …

demand shock that firms met during the COVID-19 crisis. That channel dramatically increased short-term liquidity needs during …

employment share, but large firms are not immune to the crisis. Risks of default can propagate more broadly through upstream and … bankruptcies and bank fragility. Policy measures taken in the immediate aftermath of the crisis have helped alleviate liquidity …

entrepreneurs are also almost 25% less likely to take up government-guaranteed debt during the COVID-19 crisis. We also show, using …

of the crisis provoked by the Covid-19 pandemic. Against this backdrop, one of the most critical issues at stake is … context of global, generalised and prolonged economic crisis, nevertheless, it could turn out to be extremely challenging to … to resolution (unless a different interpretation of the public interest criterion in light of the current crisis is put …

The Coronavirus crisis has led to unprecedented economic shocks to the corporate world and challenged how corporate …