| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14927 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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