COVID-19 Blog Posts
Documents from 2021
Non-primary Home Buyers, Shadow Banking, and the U.S. Housing Market, Adrian Alter and Zaki Dernaoui
How Available Is the ESF for New Fed Facilities?, Steven Kelly
Use of Federal Reserve Programs as of January 6, Junko Oguri
COVID-19 Handbook, Yale University: School of Management: Program on Financial Stability
Documents from 2020
A New Index of Bank Resolution Reforms, Matteo Aquilina, Krishan Shah, Costas Stephanou, and Jonathan Ward
What macroprudential policies are countries using to help their economies through the Covid-19 crisis?, Sigridur Beneditksdottir, Greg Feldberg, and Nellie Liang
Expanding Debt Restructuring Options for Mortgage Lenders in Response to the COVID-19 Outbreak, Shavonda Brandon, Vaasavi Unnava, and Rosalind Z. Wiggins
Mortgage Forbearance and Housing Expense Relief in Response to the COVID-19 Outbreak, Shavonda Brandon, Vaasavi Unnava, and Rosalind Z. Wiggins
Residential Mortgage and Rent Relief During Crises, Shavonda Brandon, Vaasavi Unnava, Rosalind Z. Wiggins, and Greg Feldberg
78% of US Small Businesses Negatively Impacted by the COVID- 19 Pandemic, Mallory Dreyer
As Need for Additional Small Business Aid Intensifies, Preliminary Evaluations of the PPP Suggest It Improved Business Survival, Mallory Dreyer
Denmark Extends Duration of COVID-19 Support Programs and Introduces New Measures, Mallory Dreyer
ECB Considers Adopting EU Bad Bank, Mallory Dreyer
EU Expands Temporary Framework For State Aid to Allow Recapitalization, Mallory Dreyer
EU Proposes Support for Short-Time Work Schemes, Mallory Dreyer
Federal Reserve Announces Main Street Lending Program, Mallory Dreyer
Germany Launches New Support Program After Partial Guarantee Insufficient to Promote Lending to Small Businesses, Mallory Dreyer
Germany Launches New Support Program After Partial Guarantee Insufficient to Promote Lending to Small Businesses, Mallory Dreyer
Germany Provides Public Funding for Recapitalization and Startup Equity, Mallory Dreyer
IFC Provides $8 Billion in Fast-Track Financing to Private Sector, Mallory Dreyer
Loan Guarantee Programs May Include Nonbanks, Mallory Dreyer
Making SME Credit Guarantee Programs Affordable: Subsidized Interest Payments for an Initial Period, Mallory Dreyer
MicroFinance Ireland: Targeted Lending for Microenterprises Impacted by, Mallory Dreyer
Paycheck Protection Program Loan Forgiveness Rules Eased for Smallest Borrowers, Mallory Dreyer
Poland’s Financial Shield Provides Support to Businesses, Mallory Dreyer
Switzerland Programs Serve as Model for Quick Support to Small Businesses, Mallory Dreyer
UK Expands Support for Small Businesses After Limited Impact of Initial Program, Mallory Dreyer
US Businesses Navigate Multiple Government Support Programs, Mallory Dreyer
With Phaseout of Wage Subsidy Scheme, UK Announces Rehiring Bonus, Mallory Dreyer
Large-Scale Assistance Programs for Small Businesses, Mallory Dreyer, Christian McNamara, Alexander Nye, Kaleb Nygaard, and Priya Sankar
Bank of Japan Introduces New Facility to Support Bank Lending to Small and Medium-Sized Firms, Mallory Dreyer and Kaleb Nygaard
Congress Expands Support to Small Businesses, Mallory Dreyer and Kaleb Nygaard
Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending, Mallory Dreyer and Kaleb Nygaard
Design Considerations and Interesting Features of SME Support Programs, Mallory Dreyer and Kaleb Nygaard
European Commission Expands Eligibility for SME Support and Increases Incentives for Private Recapitalization, Mallory Dreyer and Kaleb Nygaard
Federal Reserve Amends Main Street Lending Program, Mallory Dreyer and Kaleb Nygaard
Federal Reserve Announces Changes to Main Street Lending Program, Mallory Dreyer and Kaleb Nygaard
Federal Reserve Extends Lending Programs to December 31, Mallory Dreyer and Kaleb Nygaard
Fed Expands Main Street Lending Program to Include Nonprofits, Mallory Dreyer and Kaleb Nygaard
Germany Introduces Fixed Cost Support for SMEs, Mallory Dreyer and Kaleb Nygaard
Governments Provide SMEs with Relief for Non-Wage Fixed Costs, Mallory Dreyer and Kaleb Nygaard
Governments Support Businesses through Equity Investments, Mallory Dreyer and Kaleb Nygaard
Lessons Learned in Designing and Implementing Support for Small Businesses, Mallory Dreyer and Kaleb Nygaard
Main Street Lending Program Opens for Lenders, Mallory Dreyer and Kaleb Nygaard
One-Quarter of SMEs Closed During the COVID-19 Lockdown, Mallory Dreyer and Kaleb Nygaard
PPP Rules Changed to Better Target Funds, Mallory Dreyer and Kaleb Nygaard
SBA and Treasury Issue Guidance on PPP Loan Forgiveness, Mallory Dreyer and Kaleb Nygaard
SBA Will Disclose Certain Recipients of Paycheck Protection Program Aid, Mallory Dreyer and Kaleb Nygaard
Small Business Administration Announces Updates to Small Business Support Programs, Mallory Dreyer and Kaleb Nygaard
The Philippines Provides Support to Workers in the Informal Economy, Mallory Dreyer and Kaleb Nygaard
US Extends Paycheck Protection Program by 5 Weeks, Mallory Dreyer and Kaleb Nygaard
US Treasury Extends $700 Million Loan to YRC Worldwide Inc. under CARES Act Provision, Mallory Dreyer and Kaleb Nygaard
Utilization of Credit Support Programs for SMEs, Mallory Dreyer and Kaleb Nygaard
US Supports Individuals and Households in Response to COVID-19, Mallory Dreyer, Kaleb Nygaard, and Pascal Ungersboeck
Programs Support Individuals through Unemployment Insurance and Wage Subsidies, Mallory Dreyer, Rosalind Z. Wiggins, and Greg Feldberg
EU Member States Reach Unanimous Deal on Historic EUR 750 billion Fiscal Stimulus Package, Lily Engbith
RBI announces further liquidity measures in response to COVID-19, Lily Engbith
Fed Creates Dollar Repo Facility for Central Banks, Extending Liquidity to Central Banks that Don’t Have Fed Swap Lines, Greg Feldberg
Fixing Financial Data to Assess Systemic Risk, Greg Feldberg
No bank should be paying dividends right now, Greg Feldberg
Authorities Restrict Short Sales during COVID-19 Crisis, Greg Feldberg and Adam Kulam
COVID-19 and Insurance (1 of 3): Helping Individuals and Businesses, Greg Feldberg and Alexander Nye
COVID-19 and Insurance (2 of 3): Operational Regulatory Relief, Greg Feldberg and Alexander Nye
COVID-19 and Insurance (3 of 3): Capital Conservation and Countercyclical Regulation, Greg Feldberg and Alexander Nye
Countries Implement Broad Forbearance Programs for Small Businesses, Sometimes with Taxpayer Support, Greg Feldberg, Alexander Nye, and Kaleb Nygaard
Lender beware: Emergency relief efforts are inherently risky, Greg Feldberg and Sabeth Siddique
Centers for Disease Control and Prevention Halt Evictions for the Rest of 2020, Sean Fulmer
Congressional Oversight Commission Scrutinizes National Security Loans, Sean Fulmer
Congress Passes Additional $908 Billion Stimulus Bill, Sean Fulmer
Disagreements over the Municipal Liquidity Facility Erupt, Sean Fulmer
HFA Announces Several Changes to Residential Mortgage Market Relief Programs, Sean Fulmer
USDA Announces $14 Billion in Aid to Farmers, Sean Fulmer
Rewritten HEROES Act lops $800 million off first proposal, but unlikely to proceed, Sean Fulmer and Corey Runkel
Argentina’s Path to Debt Relief from Private Creditors, Manuel Leon Hoyos
Bank of England activates the Contingent Term Repo Facility, Manuel Leon Hoyos
Bank of Japan Increases Liquidity Measures, Manuel Leon Hoyos
Brazil’s central bank injects liquidity in financial markets, Manuel Leon Hoyos
Brazil’s central bank injects liquidity in financial markets, Manuel Leon Hoyos
Chile’s Central Bank Injects Liquidity in Financial Markets, Manuel Leon Hoyos
Federal Reserve Expands Support to Corporate Bond Markets, Manuel Leon Hoyos
Federal Reserve Expands Support to Corporate Bond Markets Again, Manuel Leon Hoyos
Federal Reserve Supports Corporate Bond Markets, Manuel Leon Hoyos
Multilateral Development Banks in Latin America and the Caribbean, Manuel Leon Hoyos
The Bank of Mexico Plans to Inject $30 billion to Provide Liquidity, Manuel Leon Hoyos
The Federal Reserve expands eligible counterparties and agents in three emergency facilities, Manuel Leon Hoyos
The IMF Expands and Expedites Lending in Response to the COVID-19 crisis, Manuel Leon Hoyos
The IMF makes funds available in response to the COVID-19 crisis, Manuel Leon Hoyos
The Mexican Government’s Economic Response to the COVID-19 Pandemic, Manuel Leon Hoyos
GAO Report Highlights Opportunities to Improve Federal COVID Response and Recovery Efforts, Devyn Jeffereis
U.S. Banks to Maintain Dividends for Now, Following Pre-COVID Stress Test, Devyn Jeffereis and Greg Feldberg
Despite Stated Exclusion, the Fed Is Buying Bank Debt, Steven Kelly
Fed Deems Banks Have Enough Capital Following COVID-19 Stress Test, Steven Kelly
Fed Reveals Details of First Mid-Cycle Stress Test, Steven Kelly
Redux: Outlook for 13(3) and Fed Crisis Response, Steven Kelly
Risks May Suggest a Role for an Extension of Bank Debt Issuance Guarantees, Steven Kelly
The Uncertain Future of the Fed’s CARES Act Facilities, Steven Kelly
Fourth Report of the Congressional Oversight Commission on the Use of CARES Act Funds, Steven Kelly and Rosalind Z. Wiggins
Third Report of the Congressional Oversight Commission on the Use of CARES Act Funds, Steven Kelly and Rosalind Z. Wiggins
Second Report of the Congressional Oversight Commission on the Use of CARES Act Funds, Steven Kelly, Rosalind Z. Wiggins, and Pascal Ungersboeck
Bank of England Rapidly Expands Asset Purchase Facility, Adam Kulam