A cyclist’s guide to financial stability amid a pandemic
What do cycling and financial stability have in common? How has the pandemic affected the financial system and the economy? What risks lie ahead? Our host Michael Steen discusses these questions and more with economists John Fell and Tamarah Shakir, who analyse financial stability at the ECB.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 25 November 2020 and recorded on 13 October 2020.
What is financial stability?
What financial stability is, what it has in common with cycling, financial instability during the global financial crisis.
How has the pandemic affected financial stability?
How the coronavirus crisis affected financial stability in March, how the reaction by EU and national policymakers prevented a financial crisis and why financial stability could largely be preserved.
How has the coronavirus crisis affected businesses?
What the measures taken to protect businesses and households are, how the measures have worked and helped to preserve financial stability.
What are the challenges that lie ahead?
What the risks for businesses, households and the financial system are, what we need to look out for in the future and what is being done to prevent the risks from materialising.