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
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.
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