COVID-19 and European Banking Performance: Resilience, Recovery and Sustainability

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Paul Wachtel Ewa Miklaszewska

COVID-19 and European Banking Performance

Resilience, Recovery and Sustainability

Paul Wachtel, Ewa Miklaszewska

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English

Routledge
18 December 2024

Regional studies; Macroeconomics; Political economy; Banking

Series: Routledge International Studies in Money and Banking

The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic.

The initial chapters analyze the various governmental responses to the pandemic. Topics of discussion include the scale and scope of the wide range of public policies undertaken to mitigate the consequences of the crisis, and their efficiency in limiting the negative impact of the pandemic on the economy. The results suggest that the extensive public interventions have been largely successful in averting the possible disastrous consequences for the financial sector on a macro level. On a micro level, the COVID-19 pandemic has disrupted the restructuring and recovery of the banking industry started after the 2008 crisis which has had a significant impact on economies around the world, arguably leading to a negative long-lasting effect on sustainable development. To examine this, the book focuses on the impact of the pandemic on bank lending policies, bank stability and performance, and on competitive position of the banks vis a vis the FinTech sector.

Offering a thorough overview of the issues that banks will have to face as a consequence of pandemic related macroeconomic and industry adjustments, the book will be of interest to scholars, researchers and students of banking and finance as well as banking specialists concerned with the impact of crises on financial markets, risks and resilience.

Edited by: Paul Wachtel, Ewa Miklaszewska
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
ISBN: 9781032316611
ISBN 10: 1032316616
Series: Routledge International Studies in Money and Banking
Pages: 186
Publication Date: 18 December 2024
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Forthcoming

Paul Wachtel is a Professor Emeritus of Economics at the New York University Stern School of Business, USA. Ewa Miklaszewska is Chair of the Department of Banking and Global Financial System at the Institute of Finance of Cracow University of Economics, Poland.