Boosting the resilience of Europe’s financial system in the coronavirus crisis
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| Publication date | 17-07-2020 |
| Publisher | Bruegel |
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| Abstract | Europe has a heavily bank-based financial structure, but bank-based financial structures are associated with higher systemic risk than market-based financial structures. The higher level of systemic risk in Europe suggests caution when pursuing policies that stimulate risk taking and debt creation by banks, especially in the wake of COVID-19. Priority should be given to financial diversification and equity finance. |
| Document type | Web publication or website |
| Language | English |
| Published at | https://www.bruegel.org/2020/07/boosting-the-resilience-of-europes-financial-system-in-the-coronavirus-crisis/ |
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Boosting the resilience of Europe’s financial system in the coronavirus crisis
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