How will COVID-19 Affect Financial Assets, Delinquency and Bankruptcy?

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;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-05-04