How will COVID-19 Affect Financial Assets, Delinquency and Bankruptcy?
Kartik Athreya,
Ryan Mather,
Jose Mustre-del-Rio and
Juan Sanchez
On the Economy from Federal Reserve Bank of St. Louis
Abstract:
Communities with greater financial distress will face larger income shocks caused by COVID-19 and are less prepared to weather them, while also being more likely to go into further financial distress as the pandemic continues.
Keywords: COVID-19; Coronavirus; Economy; Financial distress; Assets; Delinquency; Bankruptcy (search for similar items in EconPapers)
Date: 2020-05-04
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:87886
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