This policy tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic. The tracker includes 193 economies. Link: IMF Policy Tracker – Policy Responses to Covid-19
The world is coping with a global disaster, as the new Coronavirus takes a toll on many lost lives and a severe impact on economic activity. To provide a long-run perspective, this column documents the international response to a variety of disasters since 1790. Based on a new comprehensive database on loans extended by governments[…]
The COVID-19 pandemic has massive detrimental economic effects and demands immediate policy actions to prevent a financial or debt crisis. This column argues that while the fiscal policy responses in Europe have some merit in the short term, they put financial stability in the longer run at risk. It calls for a coordinated long-term fiscal[…]
Link: Basel Committee coordinates policy and supervisory response to Covid-19
ECB gives banks further flexibility in prudential treatment of loans backed by public support measures ECB encourages banks to avoid excessive procyclical effects when applying the IFRS 9 international accounting standard ECB activates capital and operational relief measures announced on March 12, 2020 Capital relief amounts to €120 billion and could be used to absorb[…]
The Single Resolution Board (SRB) has decided that no compensation is due to shareholders and creditors affected by the resolution of Banco Popular Español, S.A. (BPE). It concluded that they would not have been better off under normal insolvency proceedings. The decision is based on the post-resolution valuation by an independent valuer, as well as[…]
The FSB, representing a broad and diverse membership of national authorities, international standard setters and international bodies, is actively cooperating to maintain financial stability during market stress related to COVID-19. The global financial system today is in a better position to withstand shocks, maintain market functioning and sustain the supply of financing to support the[…]
What’s going on in the financial markets at the moment, and what does might it mean for the economy? Torsten Slok, chief economist at Deutsche Bank, and Richard Portes of the London Business School, honorary president of the CEPR, explain Link: COVID-19 and global financial markets
Faced with growing uncertainty around the COVID-19 pandemic, countries around the world are taking extreme measures to lessen the already severe impact on their citizens’ health, well-being, and economic circumstances. What are the implications of the pandemic for the global economy? How has it affected global financial markets—and what might we expect moving forward? On[…]
To promote continuity in research, the Georgetown Center for Financial Markets and Policy @GUFinPolicy will be hosting a Global Virtual Seminar Series on FinTech via Zoom. Our plan is to involve researchers interested in FinTech in the US and around the world as both speakers and participants. Link: Global Virtual Seminar Series on FinTech