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Banking and Finance after COVID-19

Research output: Contribution to journalArticlepeer-review

Original languageEnglish
Pages (from-to)49-59
Number of pages11
JournalKing's Law Journal
Volume32
Issue number1
DOIs
Published2021

King's Authors

Abstract

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.

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