Banking on Recovery

The video discusses the recovery of economies through export-led growth and the importance of directing capital flows into productive sectors. It highlights the vulnerabilities and strengths of financial integration, particularly in regions with significant foreign bank presence. The role of strategic banks during crises and the need for coordinated policy measures are emphasized, with examples from the EBRD's efforts in collaboration with the IMF and European Commission.

Discuss the differences in crisis impact between local banks and subsidiaries of Western European banks.

What role did the EBRD play during the crisis in terms of coordination among banks?