Olivier Bossard, professor in the MSc Finance at HEC Paris, says coronavirus has not affected demand in the same way as previous economic disruption, such as the 2008 banking industry crisis, writes the Financial Times.
“Although we are facing a huge crisis post-pandemic, this crisis is ‘only’ a crisis of the real economy,” he says. “It is not a crisis of the financial system like the one we faced in 2008-2011. The banks are in a much better shape: more liquidity, better capital adequacy, risks more under control. It’s almost a business-as-usual situation for our prospective employers.”