Banking and Finance after COVID-19

TY - JOUR

T1 - Banking and Finance after COVID-19

AU - Schillig, Michael

PY - 2021

Y1 - 2021

N2 - Health care and pharmaceutics aside, there is no sector more important than banking and finance for helping the real economy to weather the COVID-19 storm. The arch villain of the Global Financial Crisis has become a saviour during COVID-19. The relaxation of regulation and a renewed readiness to socialize loan losses may be justified when much of the economy is in lockdown. In the long run, it will not be sustainable. Post-COVID-19, a new equilibrium has to emerge in order to help fortify public finances in preparation for the next exogenous shock.

AB - Health care and pharmaceutics aside, there is no sector more important than banking and finance for helping the real economy to weather the COVID-19 storm. The arch villain of the Global Financial Crisis has become a saviour during COVID-19. The relaxation of regulation and a renewed readiness to socialize loan losses may be justified when much of the economy is in lockdown. In the long run, it will not be sustainable. Post-COVID-19, a new equilibrium has to emerge in order to help fortify public finances in preparation for the next exogenous shock.

UR - http://www.scopus.com/inward/record.url?scp=85106202893&partnerID=8YFLogxK

U2 - 10.1080/09615768.2021.1886659

DO - 10.1080/09615768.2021.1886659

M3 - Article

SN - 0961-5768

VL - 32

SP - 49

EP - 59

JO - King's Law Journal

JF - King's Law Journal

IS - 1

ER -