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Discussion Paper

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


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.

https://doi.org/10.17016/2380-7172.2956

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/accounting-for-covid-related-funding-credit-liquidity-and-loan-facilities-20210730.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-07-30

Number: 2021-07-30-1