During the current Covid-19 pandemic, many businesses are suffering financial distress. Professor Lasfer provides a summary of the impact of Covid-19 on various economies, sectors and individual businesses. He also discusses the different strategies undertaken by these businesses, namely cutting costs, raising capital, selling assets and cutting dividends to generate and/or conserve cash. He then contrasts the pros and cons of government bailouts.
Finally, he presents the various bailout measures undertaken in major countries, including furloughing workers, government grants, loan guarantees and flexibility in raising capital and bankruptcy procedures. He is willing to discuss these issues in details and also to cover bailout measures in emerging markets.