Covid19 / Financial system, the key short and longterm factors
The relationship between the coronavirus crisis and its effects on the financial system is complex and will produce effects for a long time, explains in the video Stefano Caselli, professor of international finance at Bocconi: "Today, volatility is the key word for the financial markets, unlike other crises which were driven by factors internal to the system," explains Caselli, "and much depends on the ability of financial authorities to instill confidence. The long-term effects depend on governments’ actions today to protect health and jobs. And after the crisis it will be also fundamental to help banks remain the backbone of the economic system.”