Policy Steps to Address the Corona Crisis

March 16, 2020

Preview Citation

Format: Chicago

Policy Steps to Address the Corona Crisis, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Also available in: العربية, español, français, 日本語, русский, 中文, português

Summary

Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory and supervisory authorities can help contain the virus outbreak and offset the economic impact of the pandemic. Central banks must support demand and confidence by preventing a tightening of financial conditions, lowering borrowing costs for households and firms, and ensuring market liquidity. Fiscal policy must step up to provide sizable support to the most affected people and firms, including in hard-to-reach informal sectors. Regulatory and supervisory responses must aim to preserve financial stability and banking system soundness while sustaining economic activity.

Subject: Bank soundness, Banking, COVID-19, Financial sector policy and analysis, Health

Keywords: Authority, Bank soundness, COVID-19, Crisis, Financial market stress, Financial support, Global, Liquidity pressure, Liquidity strain, Market, Market condition, Market functioning, Market liquidity, PP

Publication Details

Pages:

5
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2020/015
Stock No:

PPEA2020015
ISBN:

9781513536927
ISSN:

2663-3493

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