The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic.
The initial chapters analyze the various governmental responses to the pandemic. Topics of discussion include the scale and scope of the wide range of public policies undertaken to mitigate the consequences of the crisis, and their efficiency in limiting the negative impact of the pandemic on the economy. The results suggest that the extensive public interventions have been largely successful in averting the possible disastrous consequences for the financial sector on a macro level. On a micro level, the COVID-19 pandemic has disrupted the restructuring and recovery of the banking industry started after the 2008 crisis which has had a significant impact on economies around the world, arguably leading to a negative long-lasting effect on sustainable development. To examine this, the book focuses on the impact of the pandemic on bank lending policies, bank stability and performance, and on competitive position of the banks vis a vis the FinTech sector.
Offering a thorough overview of the issues that banks will have to face as a consequence of pandemic related macroeconomic and industry adjustments, the book will be of interest to scholars, researchers and students of banking and finance as well as banking specialists concerned with the impact of crises on financial markets, risks and resilience.
The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic.
1. Introduction by the Editors (Paul Wachtel and Ewa Miklaszewska)
2.
Crisis interventions and sovereign risk ratings (Cuadros-Solas Pedro J.,
Salvador Carlos, Suįrez Nuria)
3. The impact of Covid-19 pandemic on European
bank regulation and supervision: lessons from the past crises (Chesini
Giuseppina)
4. The countercyclicality of the macroprudential policy in the
EU. The case of the COVID-19 pandemic (Czaplicki Marcin)
5. Business
continuity planning and management: a lifejacket in the Covid-19 storm?
(Bongini Paola, Iwanicz-Drozdowska Magorzata, Liberati Caterina)
6. Does the
provision of moratorium changed SMEs liquidity needs during the Covid-19
outbreak? (Brighi Paola, Severini Sabrina)
7. The influence of the COVID-19
pandemic on bank lending. Evidence from European countries (Karkowska Renata)
8. The impact of the COVID-19 pandemic on bank stability and performance in
the CEE region (Kil Krzysztof, Miklaszewska Ewa)
9. Relationship between
banks and FinTechs. Does the pandemic have an impact on it? (Pawowska
Magorzata, Staniszewska Aleksandra)
10. Competition between banks and
FinTechs in the context of the COVID-19 pandemic (Kasiewicz Stanisaw,
Kurkliski Lech, Woniak Jacek)
Paul Wachtel is a Professor Emeritus of Economics at the New York University Stern School of Business, USA.
Ewa Miklaszewska is Chair of the Department of Banking and Global Financial System at the Institute of Finance of Cracow University of Economics, Poland.
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