About this work
Examines why European bank loan quality held up during the pandemic and considers policy responses as extraordinary support is withdrawn.
This policy brief considers the interaction of bank balance sheets and pandemic policy support. It discusses how authorities might manage asset-quality risks as emergency measures are withdrawn.
Cite this work
Reiner Martin, Piroska Nagy-Mohacsi, Elina Ribakova, Jonathan M. Fortun Vargas (2022). The COVID Non-Performing Loan 'Tsunami' that Never Happened and How to Avoid it Now. SUERF Policy Brief.