News in Systemic Risk: Thursday, June 25, 2020 (10 a.m. ET) June 25, 2020 Global Financial Stability Report Update: Financial Conditions Have Eased, but Insolvencies Loom Large (International Monetary Fund) New Eurosystem repo facility to provide euro liquidity to non-euro area central banks (European Central Bank) Predictable Financial Crises (Robin Greenwood, Samuel G. Hanson, Andrei Shleifer, Jakob Ahm Sørensen; National Bureau of Economic Research) Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy (Naomi R. Lamoreaux, John Joseph Wallis; National Bureau of Economic Research) ECB Tackles German Court Ruling With Claim QE Helps the Economy (Carolyn Look; Bloomberg) The Fed must address the penalties for ‘banking while black’ (Karen Petrou; Financial Times)
