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  2. News in Systemic Risk: Tuesday, April 28, 2020 (10 a.m. ET)

News in Systemic Risk: Tuesday, April 28, 2020 (10 a.m. ET)

April 28, 2020

Covid-19 and corporate sector liquidity (Ryan Niladri Banerjee, Anamaria Illes, Enisse Kharroubi and José María Serena Garralda; Bank of International Settlements)

The Federal Reserve Is Changing What It Means to Be a Central Bank (Nick Timiraos and Jon Hilsenrath; Wall Street Journal)

World Bank pays out after triggering pandemic bonds (CentralBanking)

The next COVID-19 relief bill must include massive aid to states, especially the hardest-hit areas (Mark Muro  ; Brookings Institution)

Needed: Budgeting tools to address the fiscal aftermath of stimulus spending (Stuart M. Butler and Timothy Higashi; Brookings Institution)

Brakes or bans: Protecting financial markets during a pandemic (Laura Kodres; VoxEU)