The Pandemic's Impact on Credit Risk: Averted or Delayed?

Sung Je Byun, Aaron L. Game, Alexander Jiron, Pavel Kapinos, Kelly Klemme and Bert Loudis

No 2021-07-30-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The COVID-19 recession resulted in historic unemployment and a significant shock to much of the service sector. Despite these macroeconomic challenges, banks' risk-based capital buffers remain high and the number of bank failures remains low. Government relief programs, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act, both directly and indirectly helped stabilize bank balance sheets during the crisis.

Date: 2021-07-30
New Economics Papers: this item is included in nep-ban, nep-isf and nep-rmg
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.federalreserve.gov//econres/notes/feds ... delayed-20210730.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-07-30-3

DOI: 10.17016/2380-7172.2957

Access Statistics for this paper

More papers in FEDS Notes from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().