01884cas a2200277 a 4500 AALejournalIMF021556 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513570914 1018-5941 BD-DhAAL BD-DhAAL Ebeke, Christian. Corporate Liquidity and Solvency in Europe during COVID-19 : The Role of Policies / Christian Ebeke, Nemanja Jovanovic, Laura Valderrama, Jing Zhou. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard-the economic contraction in 2020 is estimated to have been among the largest in the world-with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar and others, forthcoming). Mode of access: Internet Jovanovic, Nemanja. Valderrama, Laura. Zhou, Jing. IMF Working Papers; Working Paper ; No. 2021/056 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/056/001.2021.issue-056-en.xml IMF e-Library