News in Systemic Risk: Wednesday, May 27, 2020 May 27, 2020 COVID-19 and non-performing loans: lessons from past crises (Anil Ari, Sophia Chen, Lev Ratnovski; European Central Bank) Still the world's safe haven? Redesigning the U.S. Treasury market after the COVID-19 crisis (Darrell Duffie; Brookings Institution) Fannie and Freddie's Capital Dilemma (Telis Demos; Wall Street Journal) EU Aims to Back Struggling South With Fiscal Shock and Awe (Nikos Chrysoloras, Viktoria Dendrinou; Bloomberg) Brussels wants €750bn borrowing power to fund virus recovery (Sam Fleming, Jim Brunsden; Financial Times) Sarb’s Kganyago ‘concerned’ over sovereign-bank links (CentralBanking) Global Supply Chains in the Pandemic (Barthélémy Bonadio, Zhen Huo, Andrei A. Levchenko, Nitya Pandalai-Nayar; National Bureau of Economic Research) Can the Covid Bailouts Save the Economy? (Vadim Elenev, Tim Landvoigt, Stijn Van Nieuwerburgh; National Bureau of Economic Research) 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