News in Systemic Risk: Monday, July 20, 2020 (10 a.m. ET) July 20, 2020 Former Fed Chairs Bernanke and Yellen testified on COVID-19 and response to economic crisis (Ben Bernanke, Janet Yellen; Brookings Institution) Confusion over Nigerian central bank’s exchange rate policy (Central Banking) Bank of Greece proposes ‘bad bank’ for NPLs (Central Banking) Bank Complexity, Governance, and Risk (Ricardo Correa, Linda S. Goldberg; National Bureau of Economic Research) Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations (Federal Reserve) Russia seen cutting rates by at least 25 basis points on Friday: Reuters poll (Elena Fabrichnaya, Andrey Ostroukh; Reuters) EU Closes In on Stimulus Deal With Major Obstacle Overcome (Boris Groendahl, Jonathan Stearns; Bloomberg) Fed’s Kaplan Open to Overshooting Inflation Target to Provide More Support (Nick Timiraos; Wall Street Journal) 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
