Covid19 / Financial markets must be used to support relaunch of firms
How to raise substantial financial resources and use them in the right way so that the economy kick starts again immediately. This is the challenge being played out in these weeks regardless of the timing with which our communities will slowly reopen, depending on the evolution of the epidemic, explains Stefano Caselli, professor of finance at Bocconi. And this is the reason why the discussion on coronabonds and the strong responses that need to be given has begun. The Italian government has launched a far-reaching plan to guarantee the financing given by banks to companies so that liquidity is not lacking. However, for the restart, it is necessary to look at the capital available in the financial system, without burdening the system again with public debt. The launch of impact bonds to offer capital to companies is a path that must be pursued with determination.