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COVID-19 and government firm rescue measures: best practices, current challenges, and the way forward post-corona

SUERF E-workshop in cooperation with KfW

COVID-19 and Government Firm Rescue Measures: best practices, current challenges, and the way forward post-corona


Date:     Wednesday, 3 March 2021
Time:    13:15-16:30 CET

Format: Cisco Webex

The COVID pandemic is confronting many firms with existential liquidity and solvency threats. Governments and regulators have swiftly responded, among other things, with credit guarantees and moratoria. Measures have evolved from the first to the second wave of the pandemic. This workshop brings together policy makers, credit guarantee banks, retail banks, corporate sector representatives, credit monitoring agencies, economic think tanks and academic researchers to (1) discuss and compare experiences and best practices, (2) identify short-term challenges and possible solutions, (3) evaluate potential long-term consequences - positive and negative - from such schemes (4) derive policy conclusions, also with a view to incentivizing structural change to the post-COVID economic environment.

Organising committee: Ernest Gnan (OeNB and SUERF), Friederike Koehler-Geib and Vivien Lo (KfW)

Wednesday, 3 March 2021
13:00 Online Connection
13:15 Opening and Welcome

Ernest Gnan, Head of Economic Analysis Division, OeNB and SUERF Secretary General


Keynote: Government firm rescue measures during the COVID-19 crisis - Creating the basis for a strong and sustainable recovery
Ingrid Hengster, Member of the Executive Board, KfW
Speech - pdfSpeech - pdf

 
13:30 Session 1: The toolbox and effectiveness: comparative cross-country view and selected county experiences

Moderator: Jan Klasen, Director for Federal and European Affairs, KfW


Corporate Liquidity and Solvency in Europe during the Covid-19 Pandemic: The Role of Policies
Laura Valderrama, Senior Economist, European Department, IMF
Presentation - pdfPresentation - pdf


COVID 19 and Firm Rescue Programmes. France Experience
Baptiste Thornary, Chief Economist, Head of Macro Analysis and Impact Assessment Unit, BpiFrance
Presentation - pdfPresentation - pdf


Covid-19 and business support programmes in Germany: achievements, challenges, lessons
Jakob von Weizsäcker, Chief Economist, Federal Ministry of Finance
Presentation - pdfPresentation - pdf


Financial stability implications of COVID-19 support measures
Tuomas Peltonen, Deputy Head of the European Systemic Risk Board Secretariat
Presentation - pdfPresentation - pdf

 
14:30 Session 2: Access to finance - effect on firm investment and market exit

Moderator: Kristine Braden, Chief Executive Officer, Citibank Europe


Insolvency and debt overhang at the Time of COVID-19: risks and policy responses
Luiz de Mello, Director, Policy Studies Branch at the Economics Department of the OECD
Presentation - pdfPresentation - pdf


SMEs during COVID-19
Friederike Köhler-Geib, Chief Economist, KfW Bankengruppe
Presentation - pdfPresentation - pdf


Impacts due to Covid-19 on SMEs, indicators, economic policy decisions
Patrik-Ludwig Hantzsch, Head of Economic Research, Creditreform
Presentation - pdfPresentation - pdf

Gerhard Huemer, Economic Policy Director, SME United

 
15:30 Session 3: The crisis as a catalyst for structural change

Moderator: Debora Revoltella, Chief Economist, EIB and SUERF Council


From emergency support to green and digital transformation
Outi Slotboom, European Commission, DG for Internal Market, Industry, Entrepreneurship and SMEs
Presentation - pdfPresentation - pdf


Corona Crisis – A Chance for Digital Transformation?
Irene Bertschek, Head of the ZEW Research Department “Digital Economy”
Presentation - pdfPresentation - pdf


Promoting digitization
Monika Schnitzer, Professor, LMU Munich I German Council of Economic Experts
Presentation - pdfPresentation - pdf

James Watson, Chief Economist, BusinessEurope

 
16:30 Wrap-up and Close

Friederike Köhler-Geib, Chief Economist, KfW Bankengruppe

 


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