Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies

Released on by Mr.Christian H Ebeke
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  • Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies Book Detail

  • Author : Mr.Christian H Ebeke
  • Release Date : 2021-03-02
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 48
  • ISBN 13 : 1513570919
  • File Size : 39,39 MB
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Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies by Mr.Christian H Ebeke PDF Summary

Book Description: The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar et al., forthcoming).

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Economic Policy, COVID-19 and Corporations

Economic Policy, COVID-19 and Corporations

File Size : 92,92 MB
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This book addresses the economic impact of the COVID-19 outbreak on Central and East European countries and examines the effect the pandemic has had on organiza