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Editorial: Development Banks – not only important in times of Covid-19
Pfingsten, Andreas | Schäfer, Dorothea
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 89 (2020), Iss. 3 : pp. 5–7
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Andreas Pfingsten, Institut für Kreditwesen der Universität Münster
- Andreas Pfingsten has been Professor of Business Administration and head of the banking area at the University of Münster since 1994. Formerly, he was Professor of Economics at the University of Siegen. As a visiting professor, resp. visiting scholar, he worked at universities in Austria, Canada, and the US. His professional experience includes employment with a bank and an IT services firm as well as consulting activities. He publishes, among others, in Journal of Banking & Finance, Journal of Business Finance & Accounting, Journal of Economic Theory, Journal of Public Economics, Mathematical Social Sciences, International Tax and Public Finance, and Journal of Risk. Current fields of research include the credit business, securitization, risk management, regulation, and bank accounting. He is a member of the North Rhine-Westphalian Academy of Sciences, Humanities and the Arts, various other academic as well as professional associations, and former president of the German Finance Association.
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Dorothea Schäfer, German Institute for Economic Research DIW Berlin
- Dorothea Schäfer, Research Director Financial Markets at DIW Berlin. She is Adjunct Professor at Jönköping University – JIBS (Economics) and achieved her PhD and habilitation at the FU Berlin. Schäfer is head of various research projects funded by the German Research Foundation (DFG), the EU Commission, the Fritz Thyssen Foundation, the Stiftung Geld und Währung (Money and Currency Foundation), the DSGV (German Savings Bank Association) and the Leibniz Research Network Crises of a Globalized World. She was evaluator of research projects for LOEWE, DFG and BMBF, among others. She has published in Journal of International Financial Markets, Institutions & Money, International Journal of Money and Finance, Economics of Transition, European Journal of Finance, Small Business Economics, Journal of Financial Stability and Journal of Institutional and Theoretical Economics and many other Journals. She was an expert for the Bundestag’s Committee on Finance, the Committee on Social Affairs, Health and Sustainable Development, Parliamentary Assembly, The Council of Europe, the Commission to Review the Financing of the Nuclear Phase-out and the Subcommittee on Sustainable Governance (Enquete Commission of the German Bundestag, “Growth Prosperity Quality of Life”). She is Editor-in-Chief of the economic policy journal Vierteljahrshefte zur Wirtschaftsforschung and of the Eurasian Economic Review (EAER). Research areas: Financial market crisis – and regulation, green finance, financing constraints, start-up and innovation financing, financial markets and gender
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Abstract
The Covid-19 pandemic is hitting, directly and indirectly, economies throughout the world. While the pandemic is far from over, countries are searching for ways to enhance a quick recovery of their economies. Among others, the downturn is hampering the access of firms to the financial means necessary for investments. Therefore, facilitating access to financial means is an important component of rescue operations.