Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292693239
Total Pages : 118 pages
Book Rating : 4.2/5 (926 download)
Book Synopsis COVID-19 and the Finance Sector in Asia and the Pacific by : Asian Development Bank
Download or read book COVID-19 and the Finance Sector in Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guidance note examines the effects of the coronavirus disease (COVID-19) on real economies, particularly financial sectors, and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. It also reviews short-term actions that can mitigate pressures on people, small and medium-sized enterprises (SMEs), banking and capital markets, and insurance and pensions. Lastly, it provides medium-term policy considerations for resilience in the post- COVID-19 period. These include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation in the finance sector.