Summary:
Enrico Perotti tells Tim Phillips that while regulatory reform means that banks are unlikely to be at risk, the coronavirus shock poses a serious liquidity risk for the shadow banking sector, where significant funding has been extended on the basis of cash flow rather than real collateral. Avoiding financial panic is key, and will require liquidity support as well as targeted fiscal measures.

Topics:
Enrico Perotti considers the following as important:

This could be interesting, too:

Makridis, Wang writes Social networks and consumption patterns during a pandemic

Bircan, De Haas, Schweiger, Stepanov writes Coronavirus credit support: Don’t let liquidity lifelines become a golden noose

Schwandt writes Pregnancy during the pandemic

S. S. writes Declining worker power versus rising monopoly power