La capacité de réaction des banques dans la crise de la Covid-19

Lorenzo Bini Smaghi

Revue d'économie financière, 2020, vol. N° 139-140, issue 3, 79-85

Abstract: Like any unexpected shock, the Covid-19 crisis confronts banks with two major challenges: the first is the short-term resilience of the system, i.e. its ability to absorb the shock, and the second is the ability of banks to rebuild their capital cushions in the medium term, in order to be ready for any possible new shock. In the current context, banks also face a third challenge related to the fact that they are an integral part of the policy response. They are called upon to play an active role in the implementation of monetary and financial assistance provided by central banks and treasuries to the real economy. This article discusses these three challenges.

Date: 2020
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