Erik Feyen, Tatiana Alonso Gispert, Tatsiana Kliatskova, Davide S. Mare, 17 December 2020

Authorities around the world have implemented a wide array of support measures to mitigate the impact of the COVID-19 crisis on the financial sector. This column introduces a new global database that tracks these measures. It finds that banking sector measures constitute the majority of policies taken and that they aim to take advantage of the flexibility embedded in the international standards. However, emerging market and developing economies tend to rely more on prudential measures that go beyond this embedded flexibility compared to advanced economies which may reduce bank balance sheet transparency and increase risks to financial stability. Financial authorities in richer and more populous countries appear to have taken more actions and were more responsive.


CEPR Policy Research