News in Systemic Risk: Friday, March 12, 2021 (10 a.m. ET) March 12, 2021 The Option Value of Municipal Liquidity:Evidence from Federal Lending Cutoffs during COVID-19 (Andrew Haughwout, Benjamin Hyman, Or Shachar; Federal Reserve Bank of New York) Quarterly Report on Household Debt and Credit (Federal Reserve Bank of New York) Billions at stake and no one knows who takes the hit: when is Greensill a systemic risk? (Tom Braithwaite; Financial Times) The perils of asking central banks to do too much (The Economist) Riksbank renews Covid-19 lending facilities (Central Banking) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million
