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Boot, Carletti, Kotz, Krahnen, Pelizzon, Subrahmanyam



Articles by Boot, Carletti, Kotz, Krahnen, Pelizzon, Subrahmanyam

Implementing a European Pandemic Equity Fund

April 25, 2020

Arnoud Boot, Elena Carletti, Hans‐Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam 25 April 2020

The involvement of the EU in fighting the detrimental consequences of the Covid crisis has to be expanded (e.g. Bénassy-Quéré et al. 2020). This column builds on our earlier work on the coronavirus crisis and its implications for financial stability (Boot et al. 2020a, 2020b, 2020c). We have argued that massive financial support during the Covid crisis is warranted in order to bridge the almost universal cash flow shortfalls at the firm level, and across euro area member states, caused by the series of shutdowns.
The provision of bridge financing is also necessary from a systemic risk perspective. Significant cash flow shortfalls – highly

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Try equity: Coronavirus and financial stability

April 3, 2020

Coronavirus and financial stability 3.0: Try equity – risk sharing for companies, large and small
Arnoud Boot, Elena Carletti, Hans‐Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam 03 April 2020

This column builds on our earlier work on the coronavirus and financial stability and adds to the current debate about effective policy responses to mitigate the COVID-19 economic crisis (e.g. Bénassy-Quéré et al. 2020, Brunnermeier et al. 2020, Giavazzi and Tabellini 2020). In our earlier note (Boot et al. 2020), we discussed the potential consequences of the current broad-based interruption of economic activity in a number of countries around the world. Imminent liquidity problems and the ensuing solvency concerns need to be

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Coronavirus and financial stability 2.0: Act jointly now, but also think about tomorrow

March 25, 2020

Coronavirus and financial stability 2.0: Act jointly now, but also think about tomorrow
Arnoud Boot, Elena Carletti, Hans‐Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam 25 March 2020

The COVID-19 pandemic has massive detrimental economic effects and demands immediate policy actions to prevent a financial or debt crisis (e.g. Baldwin and Weder di Mauro 2020). In this column on the implications of the coronavirus for financial stability in Europe, we address how to mitigate a systemic financial crisis that is propagating in slow motion, as we speak, and which we identified and diagnosed in SAFE policy letter 78 (Boot et al. 2020). This column emphasises the speed at which the underlying unprecedented real sector cash

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