Corporate Insolvencies, Debt Overhang and Loan Guarantee Schemes During and After the Pandemic

21WR30

Friday, November 26, 2021 at 13:00-14:30 Vienna time (CET)

Presenters:
Ms. Lilas Demmou, Organisation for Economic Co-operation and Development
Mr. Guido Franco, Organisation for Economic Co-operation and Development 
Mr. Ivan Huljak, Croatian National Bank

Moderator:
Mr. Rilind Kabashi, Economist, Joint Vienna Institute

The COVID-19 pandemic triggered a massive global economic downturn. In response, national and international authorities around the globe launched an unprecedented set of policy measures to cushion the economic impact of the crisis and to support the recovery process. Many of these measures focused on providing support to the corporate sector.

This webinar will take stock of the support to the corporate sector provided during the pandemic and discuss the challenges ahead, particularly the ones related to the reconfiguration and withdrawal of policy support. What has been the distribution and effectiveness of relief measures? What is the likelihood of corporate insolvency and what are the potential implications of corporate debt accumulated during the pandemic on investment during the recovery? What are the policy options to flatten the curve of crisis-related insolvencies and to lessen the risk of debt-overhang? What is the role of loan guarantee schemes in alleviating firm distress, and how they might affect productivity and the efficiency of resource allocation across firms? Our panel of experts will shed light on these issues and their implications for the JVI region.

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Course Details

Start: 20211126Nov 26
End: 20211126Nov 26

Language: English

Sponsoring Organization: JVI

Admin Arrangements


Application Deadline: November 26, 2021