News in Systemic Risk: Tuesday, July 21, 2020 (10 a.m. ET) July 21, 2020 Dominant Currencies and External Adjustment (International Monetary Fund) Effects of credit restrictions in the Netherlands and lessons for macroprudential policy (Gabriele Galati, Jan Kakes, Richhild Moessner; Bank for International Settlements) Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets (Antonio Falato, Itay Goldstein, Ali Hortaçsu; National Bureau of Economic Research) The euro needs sound and pragmatic long-term policies more than ever (Heikki Oksanen; VoxEu) EU reaches historic deal on pandemic recovery after fractious summit (Jan Strupczewski, John Chalmers, Robin Emmott; Reuters) Fed Corporate Bond Buying Opens Up Debate Over Climate Stance (Michael S. Derby; Wall Street Journal)