Publication:
Banking Research in the Time of COVID-19

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dc.contributor.authorBerger, Allen N.
dc.contributor.authorDemirguc-Kunt, Asli
dc.date.accessioned2021-09-27T21:35:43Z
dc.date.available2021-09-27T21:35:43Z
dc.date.issued2021-09
dc.description.abstractDespite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has created some positive economic and financial surprises and opportunities for research. This paper highlights two such favorable surprises —the shortest U.S. recession on record and the avoidance of any banking crisis—and a number of research opportunities. The paper ties the “economic surprise” of the short recession to the speed and size of U.S. stimulus programs during COVID-19—faster and larger than for the Global Financial Crisis (GFC). It connects the “financial surprise” of the resilient banking sector to prudential policies put in place during and after the GFC that fortified U.S. banks prior to COVID-19. These twin “surprises” are also mutually reinforcing—if either the economy or banking system had failed, so would the other. The paper also reviews extant COVID-19 banking research and suggests paths for future research. It recommends that particular attention be paid to research outside of the U.S.—where fewer favorable “surprises” may be present—as the best way to advance knowledge in this area.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/183741632425100764/Banking-Research-in-the-Time-of-COVID-19
dc.identifier.doi10.1596/1813-9450-9782
dc.identifier.urihttps://hdl.handle.net/10986/36309
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9782
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBANKING SECTOR
dc.subjectFINANCIAL CRISES
dc.subjectBAILOUTS
dc.subjectGLOBAL FINANCIAL CRISIS
dc.subjectTARP
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.titleBanking Research in the Time of COVID-19en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleBanking Research in the Time of COVID-19
okr.date.disclosure2021-09-23
okr.date.doiregistration2025-04-10T11:13:30.236260Z
okr.date.lastmodified2021-09-23T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/undefined/183741632425100764/Banking-Research-in-the-Time-of-COVID-19
okr.guid183741632425100764
okr.identifier.doi10.1596/1813-9450-9782
okr.identifier.externaldocumentum090224b0889dca75_1_0
okr.identifier.internaldocumentum33438284
okr.identifier.reportWPS9782
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/183741632425100764/pdf/Banking-Research-in-the-Time-of-COVID-19.pdfen
okr.region.countryUnited States
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.unitOffice of the Chief Economist, Europe and Central Asia Region
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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