How has the pandemic affected financial stability in advanced and emerging markets? What do the stabilization policies adopted during the pandemic imply for the post-pandemic financial sectors? Are there lessons we can learn from the outcomes of the last decade following the global financial crisis? Have initial conditions in developed economies started resembling those of emerging markets in many cases?
Professor Viral V. Acharya will attempt to answer several of these questions through the lens of zombie lending by under-capitalized banks and its implications for economic growth, inflation, and financial stability. He will also draw upon the implications of fiscal dominance for monetary policy and bank regulation based on his recently released book .
Mario Guadamillas is currently a manager in the Finance, Competitiveness & Innovation Global Practice for Europe and Central Asia (ECA) region responsible for projects on a broad range of financial and private sector areas. Before he was a global manager coordinating the joint IMF-WB Financial Sector Assessment Program (FSAP), the WB participation in the Financial Stability Board (FSB) and the assistance to countries in the banking regulation and supervisory area. Mario has numerous publications on financial sector issues, notably on financial infrastructure.
