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

Matthew Hoops and Robert Kurtzman

No 2021-07-30-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2021-07-30
New Economics Papers: this item is included in nep-acc and nep-isf
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-07-30-1

DOI: 10.17016/2380-7172.2956

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