G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14927
DP14927 Bank capital and the European recovery from the COVID-19 crisis
Moritz Schularick; Sascha Steffen; Tobias Tröger
发表日期2020-06-24
出版年2020
语种英语
摘要Do current levels of bank capital in Europe suffice to support a swift recovery from the COVID-19 crisis? Recent research shows that a well-capitalized banking sector is a major factor driving the speed and breadth of recoveries from economic downturns. In particular, loan supply is negatively affected by low levels of capital. We estimate a capital shortfall in European banks of up to 600 billion euro in a severe scenario, and around 143 billion euro in a moderate scenario. We propose a precautionary recapitalization on the European level that puts the European Stability Mechanism (ESM) center stage. This proposal would cut through the sovereign-bank nexus, safeguard financial stability, and position the Eurozone for a quick recovery from the pandemic.
主题Financial Economics ; International Macroeconomics and Finance ; Monetary Economics and Fluctuations
关键词Bank capital Financial stablity Covid-19
URLhttps://cepr.org/publications/dp14927
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543870
推荐引用方式
GB/T 7714
Moritz Schularick,Sascha Steffen,Tobias Tröger. DP14927 Bank capital and the European recovery from the COVID-19 crisis. 2020.
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