Author Archives: Jin-Wook Chang

The Value of Central Bank Liquidity During a Pandemic

By | July 3, 2020

The global spread of COVID-19 has triggered large disruptions in financial markets. In response, central banks, such as the Federal Reserve, have created and continue to run a range of facilities to improve liquidity in financial markets, with the goal of promoting economic recovery. How effective are these facilities during a pandemic? In this blog… Read More »