Avoiding procyclicality in lending

Thorsten Beck of Cass Business School, author of a chapter in the new CEPR/VoxEU eBook on 'Mitigating the Covid Economic Crisis', talks to Tim Phillips about what governments should do to lessen the impact of the current abrupt collapse of economic activity on the availability of access to credit for firms across Europe.

Download the eBook here: Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes