主题：Economic & Financial Fragility after the COVID-19 pandemic: “Lessons” from the Advanced Economies
主讲人：Roman Matousek 英国伦敦玛丽女王大学
主持人：王航 太阳城集团
地点：太阳城集团番禺校区
会议时间：2024年3月6日上午10:00
摘要
The paper provides a comprehensive analysis of the economic repercussions stemming from the COVID-19 pandemic, drawing comparisons with the aftermath of the Global Financial Crisis (GFC) while emphasizing the theoretical underpinnings of Minsky's moments and the Financial Instability Hypothesis (FIH). The COVID-19 crisis, unlike the GFC, precipitated a sudden and unprecedented global economic halt, unearthing systemic vulnerabilities in financial structures worldwide. Policy responses, characterized by extensive quantitative easing and fiscal stimulus reminiscent of the GFC era, have raised concerns regarding their efficacy and potential adverse effects. The discussion extends to macroeconomic facets, such as the proliferation of non-performing loans (NPLs) and the persistence of zombie firms, further accentuating economic fragility. Emerging economies confront additional challenges, grappling with escalating borrowing costs amid a looming silent debt crisis. Despite concerted efforts to stabilize economies, persistent uncertainties foreshadow a potential Minsky moment characterized by asset devaluation and unsustainable debt levels. The paper concludes by underscoring the imperative for tailored policy interventions and systemic solutions to address the unique exigencies of the COVID-19 crisis and its enduring economic ramifications.
主讲人简介
Roman Matousek教授是伦敦玛丽女王大学金融经济学教授，商学院特许协会（Chartered Association of Business Schools, ABS）国际委员会成员。曾担任英国诺丁汉大学商学院卓越研究学院（School Director of Research Excellence）经理和全球银行与金融创新中心（GCBFI）主任。研究兴趣为金融市场（机构），特别着重于金融市场和货币政策与发展经济学（金融）之间的联系研究，在金融学国际顶级期刊发表论文30余篇，担任 Journal of International Financial Markets institutions and Money, Journal of Banking and Finance, International Journal of Monetary Economics and Finance 等期刊的执行编辑或编辑顾问委员会成员。
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