Accounting for Covid-19 Related Funding, Credit, Liquidity, and Loan Facilities in the Financial Accounts of the United States

Posted: 18 Aug 2021

See all articles by Matthew Hoops

Matthew Hoops

Board of Governors of the Federal Reserve System

Robert J. Kurtzman

Board of Governors of the Federal Reserve System

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

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

Matthew Hoops (Contact Author)

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Robert J. Kurtzman

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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