Discussion Paper

Bank Lending Conditions during the Pandemic

Abstract: The COVID-19 pandemic has been a large shock to economies and financial systems around the world. In the beginning, as governments introduced unprecedented measures to contain the quickly spreading virus and households hunkered down to socially distance from one another, output plummeted, unemployment skyrocketed, and significant financial stress materialized.


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Bibliographic Information

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

Part of Series: FEDS Notes

Publication Date: 2021-10-15

Number: 2021-10-15-2