From Health Crisis to Financial Distress

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dc.creatorReinhart, Carmen M.
dc.date2021-04-08T21:19:13Z
dc.date2021-04-08T21:19:13Z
dc.date2021-04
dc.date.accessioned2026-07-01T00:38:55Z
dc.descriptionI discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a foundation of already weak economic fundamentals in many countries. Crises often do not travel alone. Banking, sovereign debt, exchange rate crashes, sudden stops, and inflation often intersect to become severe conglomerate crises. Historically, whether of the individual or conglomerate variety, crises influence the shape and speed of economic recovery. As the health crisis morphs into a financial or debt crisis in some countries, I discuss what may lie ahead in terms of the stages in crisis resolution and a brief reflection on how the resolution process can be expedited.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/453511617831002973/From-Health-Crisis-to-Financial-Distress
dc.identifierhttps://hdl.handle.net/10986/35411
dc.identifier10.1596/1813-9450-9616
dc.identifier.urihttp://hdl.handle.net/123456789/408254
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 9616
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectHEALTH CRISIS
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectFINANCIAL DISTRESS
dc.subjectDEBT CRISIS
dc.subjectEXCHANGE RATE
dc.subjectPANDEMIC RESPONSE
dc.subjectCRISIS RESOLUTION
dc.titleFrom Health Crisis to Financial Distress
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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