The Global Macroeconomic Impacts of COVID-19: Seven Scenarios Brookings (2020-03-10)
The outbreak of coronavirus named COVID-19 has disrupted the Chinese economy and is spreading globally. The evolution of the disease and its economic impact is highly uncertain, which makes it difficult for policymakers .. more | How banks can ease the pain of negative interest rates McKinsey (2020-03-10)
With better governance and data collection, treasurers can staunch the effects of margin erosion. more | Banks, Maturity Transformation, and Monetary Policy FRB of San Francisco (2020-03-10)
Banks engage in maturity transformation and the term premium compensates them for bearing the associated duration risk. Consistent with this view, I show that banks’ net interest margins and term premia have comoved in t .. more |
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