 Public Banks, Public Purpose, and Early Actions in the Face of Covid-19Diana V. Barrowclough and Thomas Marois Review of Political Economy, 2022, vol. 34, issue 2, 372-390 Abstract: With the outbreak of the global Covid-19 pandemic and associated lockdowns, economic activity came to a grinding halt as demands for financial support in health, business, and government skyrocketed. In spring 2020 we assembled a team of experts to conduct rapid response research on how public banks worldwide responded to the Covid-19 crisis. The team employed case study methods to examine cases in the global north and south. A synthesis of our findings is presented here. We conclude that the most promising public bank responses to the crisis were those substantively guided by public purpose. Where public purpose had a more challenging relationship to public bank responses, the responses were more ambiguous and more difficult to differentiate from private banks. This rapid response study also points to promising lessons for how public banks can help to catalyse momentum to ‘build forward better’ and it raises a series of questions in need of further research. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:34:y:2022:i:2:p:372-390 Ordering information: This journal article can be ordered from DOI: 10.1080/09538259.2021.1996704 Access Statistics for this article Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon More articles in Review of Political Economy from Taylor & Francis Journals |
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