In the early months of the COVID-19 shutdown, there were widespread fears that the economic shock would lead to massive damage in terms of corporate bankruptcies or "zombification." Thanks in part to public intervention, the pessimistic scenarios have not materialized, and banks have correspondingly reduced their provisions for bad loans. We will take stock on lessons learned and near-term prospects.
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
Neil Moskowitz Endowed Professor of Economics, University of Maryland
Managing Director and Global Head of Credit Strategy and Research Group, Moody's Investors Service
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.