Accounting for Covid-19 Related Funding, Credit, Liquidity, and Loan Facilities in the Financial Accounts of the United States
Posted: 18 Aug 2021
Date Written: July, 2021
Abstract
Beginning in late February 2020, market liquidity for corporate bonds dried up and corporate bond credit spreads soared amid broad financial market dislocations related to the COVID-19 pandemic. The causes of this liquidity dry-up and the spike in corporate bond spreads remain subjects of debate.
Suggested Citation: Suggested Citation
Hoops, Matthew and Kurtzman, Robert J., Accounting for Covid-19 Related Funding, Credit, Liquidity, and Loan Facilities in the Financial Accounts of the United States (July, 2021). FEDS Notes No. 2021-07-30-1, Available at SSRN: https://ssrn.com/abstract=3904514 or http://dx.doi.org/10.17016/2380-7172.2956
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