Monthly BIS Update - Covid-19, The Future of Cash, and Regions at Risk

May 2020 Reflections on regulatory responses to the Covid-19 pandemic  In the first in a new series, Claudio Borio and Fernando Restoy examine the rationale of regulatory and supervisory responses to Covid-19. Covid-19 and corporate sector liquidity Firms face unprecedented declines in revenues, heralding a rise in leverage and possibly in corporate bankruptcies. The macroeconomic spillover effects of the pandemic on the global economy The economic impact of the pandemic is significant and likely to multiply over several quarters. Emerging market external vulnerability International banking data at end-2019 show emerging markets’ vulnerability to capital outflows on the eve of Covid-19. Identifying regions at risk Google data can help identify where Covid-19 threatens employment and support targeted policy responses.  More BIS publications  Speech: New perspectives opened up by the crisis Benoît Cœuré discusses the themes of resilience and technology and how they will shape the post-Covid-19 world. IFC report: Computing platforms for big data analytics and artificial intelligence How should public institutions, particularly central banks, organise themselves to benefit the most from the opportunities presented by big data sets and analytics to provide new, complementary information? CPMI paper: Payment aspects of financial inclusion in the fintech era Financial technology can spur financial inclusion by facilitating payments, but the opportunities come with challenges.