The coronavirus crisis is no 2008
Danielsson, J.
, Macrae, R., Vayanos, D. & Zigrand, J.
(2020).
The coronavirus crisis is no 2008.
VoxEU,
, Macrae, R., Vayanos, D. & Zigrand, J.
(2020).
The coronavirus crisis is no 2008.
VoxEU,
Many comparisons have been made between the coronavirus crisis and the global systemic crisis in 2008. This column argues that seen through the lens of exogenous and endogenous risk, these two crises are quite different. Coronavirus is unlikely to cause a global systemic crisis, and the policy response should be different.