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Video May 4, 2020

Maintaining Finance for Firms Impacted by COVID-19: Perspectives for East Asia

East Asian firms have been severely impacted by COVID-19, and policy makers are exploring the most efficient and effective interventions to help firms maintain financing to cope with the severe drop in economic activity in the wake of the crisis. Panelists discussed the impact of the crisis and various policy initiatives on the functioning, resilience, and stability of the financial system. Ilhyock Shim discussed the collapse of financial markets in emerging economies, and Sergio Schmukler discussed options to finance firms in East Asia during the crisis. Yi Huang and Joseph Cherian presented the cases of China and Singapore respectively and their policy responses to maintain firm finance.