Claudia M. Buch, Matthieu Bussière, and Linda S. Goldberg
While policymakers around the world have aggressively and swiftly reacted to the common negative economic shock from COVID-19, the timing and forms of policy responses in the economic recovery stage may be more geographically differentiated. The range in policy responses, along with variations in the financial health of banks, likely will affect the flow of international credit through global banks. In this post, we ask whether, based on historical precedent, global banks are likely to provide additional support to the economic recovery in the locations they serve.
Unprecedented Policy Reactions to the Pandemic
In response to the global economic decline triggered by COVID-19, authorities applied a variety of monetary,Read More »