COVID-19 and the financial system: a tale of two crises
对比了全球金融危机和新冠疫情中金融体系（尤其是银行）的韧性，指出由于过去十年的监管和制度改革，银行现在成为解决方案的一部分，并总结了新冠疫情对金融体系的早期教训。
This paper compares and contrasts the resilience of the financial system, in particular banks, during the Global Financial Crisis and COVID-19. We show that banks are now part of the solution, rather than part of the problem, thanks to regulatory and institutional reforms over the past decade. Heeding the lessons from the Global Financial Crisis has paid dividends. We outline some early lessons from the COVID-19 crisis for the financial system going forward.