Yale School of Management

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The Limits of the G20's Debt Service Suspension Initiative

May 18, 2020

As of May 1, G20’s Debt Service Suspension Initiative (DSSI) for 76 International Development Association (IDA) countries and least developed countries (LDCs) has become operational. However, it remains unclear whether private-sector creditors will collaborate on such efforts for those countries and the question on what to do about the much larger debts of low- and middle-income countries is still open.

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How Asset Management Colloquia Complement Classroom Learning

By: Tim Gunning May 15, 2020
Tim Gunning

As a newly welcomed Class of 2021 EMBA student, I am grateful for being able to participate in the Asset Management colloquia series this past Fall, which included four impressive speakers from the Yale community. Our first speaker was Aleh Tsyvinski, Arthur M. Okun Professor of Economics.  He...

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News in Systemic Risk: Friday, May 15, 2020 (10 a.m. ET)

May 15, 2020

Covid-19 and regional employment in Europe (Sebastian Doerr, Leonardo Gambacorta; Bank of International Settlements)

Novel coronavirus (COVID-19) - economic and financial developments and the responses taken by the Bank of Japan (Haruhiko Kuroda; Bank of International Settlements)

The Commercial Paper Funding Facility (Nina Boyarchenko, Richard Crump, Anna Kovner; Federal Reserve Bank of New York)

The General Board of the European Systemic Risk Board takes first set of actions to address the coronavirus emergency at its extraordinary meeting on 6 May 2020 (European Systemic Risk Board)

Do non-performing loans matter for bank lending and the business cycle in euro area countries? (Ivan Huljak, Reiner Martin, Diego Moccero, Cosimo Pancaro; European Central Bank)

The interbank market puzzle (Franklin Allen, Giovanni Covi, Xian Gu, Oskar Kowalewski, Mattia Montagna; Bank of England)

Quality is our asset: the international transmission of liquidity regulation (Dennis Reinhardt, Stephen Reynolds, Rhiannon Sowerbutts, Carlos van Hombeeck; Bank of England)

How to fight an economic crisis in a monetary union (Phillip R. Lane; The Economist)

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EU Expands Temporary Framework For State Aid to Allow Recapitalization

May 14, 2020

On May 8, the European Commission (EC) approved new measures under the Temporary Framework for State Aid, which allow Member States to purchase equity and subordinated debt from non financial companies. The EC will allow recapitalization measures through June 30, 2021, a time period six months longer than other measures under the Temporary Framework.

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