When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response
By the end of this reading, you should be able to: Describe the evolution of bond and CDS prices during March-April 2020. Compare the developments in debt markets during the Great Financial Crisis of 2008-2009 and the COVID-19 crisis. Explain…
The Green Swan – Central Banking and Financial Stability in the Age of Climate Change
After completing this reading, you should be able to: Describe the concept of “green swan,” how it differs from “black swan,” and why climate change is considered a ”green swan” event. Explain why climate change is a threat to price…
Climate Change: Physical Risk and Equity
After completing this reading, you should be able to: From the perspective of physical risk, describe the channels through which climate change can affect financial stability. Explain how climate change and climate risk have affected equity prices and equity valuations….
