Policy Options for Supporting and Restructuring Firms Hit by the COVID-19 Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Policy Options for Supporting and Restructuring Firms Hit by the COVID-19 Crisis write by Ms. Juliana Dutra Araujo. This book was released on 2022-02-23. Policy Options for Supporting and Restructuring Firms Hit by the COVID-19 Crisis available in PDF, EPUB and Kindle. This paper presents principles that could guide the design of more targeted policy support and facilitate the restructuring of firms adversely impacted by the COVID-19 pandemic. To this end, the paper takes stock of vulnerabilities and risks in the enterprise sector and assesses countries’ preparedness to handle a large-scale restructuring of businesses. Crisis preparedness of insolvency systems is measured according to a newly designed indicator that includes five dimensions of the insolvency and restructuring regime (out-of-court restructuring, hybrid restructuring, reorganization, liquidation, and the institutional framework). Vulnerabilities tend to be more pronounced in jurisdictions with shortcomings in crisis preparedness, and those countries need to step up efforts to improve their insolvency systems.
Managing the Employment Impacts of the COVID-19 Crisis
Managing the Employment Impacts of the COVID-19 Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing the Employment Impacts of the COVID-19 Crisis write by Eliana Carranza Noguera. This book was released on 2020. Managing the Employment Impacts of the COVID-19 Crisis available in PDF, EPUB and Kindle.
Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses
Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses write by Mr. Thierry Tressel. This book was released on 2021-08-06. Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses available in PDF, EPUB and Kindle. Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi-factor sensitivity analysis and dynamic scenario-based stress test techniques to assess the impact of shocks on firm’s ability to service their debt, and on their liquidity and solvency positions. Applying the October 2020 WEO baseline and adverse scenarios, we find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional borrowing needs to overcome cash shortfalls are large, while firm behavioral responses and policies substantially help overcome the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial in many firms across countries and across industries, while insolvencies rise over time in specific industries. To inform policy debates, we offer an approach to a triage between viable and unviable firms, and find that the needs for liquidity support of viable firms remain important beyond 2020, and that medium-term debt restructuring needs and liquidations of firms may be substantial in the medium-term.
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies write by Mr.Federico J Diez. This book was released on 2021-04-02. Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies available in PDF, EPUB and Kindle. The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
Policy Advice to Asia in the COVID-19 Era
Policy Advice to Asia in the COVID-19 Era - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Policy Advice to Asia in the COVID-19 Era write by Changyong Rhee. This book was released on 2021-03-05. Policy Advice to Asia in the COVID-19 Era available in PDF, EPUB and Kindle. The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.
