Yale School of Management

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Changing of the Guard

By: Jeff Juger June 29, 2020

Dear Fellow SOM Alumni: My name is Jeff Juger (MBA ‘11), and I have the honor to serve as Chair of the SOM Alumni Advisory Board.  I have served on the AAB since 2016, and officially stepped into the leadership role on July 1.  I will try to fill the very large shoes left by my predecessor...

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Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending

June 29, 2020

In response to the COVID-19 pandemic, many countries quickly announced credit guarantee schemes to support lending to small and medium-sized enterprises (SMEs). Under a credit guarantee scheme, the government fully or partially guarantees the value of a loan to an SME, which minimizes the risk to the lender, incentivizing the lender to provide credit. According to recent data from the World Bank, 41 countries have launched 57 credit guarantee schemes for SMEs this year. 

Continue reading “Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending”

Use of Federal Reserve Programs - 06/25/2020

June 25, 2020

Below we report on operational Fed programs, based on the Fed’s weekly H.4.1 release. Since last week, the Treasury’s equity contribution to the Term Asset-Backed Securities Loan Facility was invested in securities; however, no facility-specific assets have been purchased so far. The Bank of England signifantly decreased its use of the swap lines established with the Fed in March. It is now the Fed’s smallest counterparty.

Continue reading “Use of Federal Reserve Programs - 06/25/2020”

Changing of the Guard

By: Jeff Juger June 29, 2020

Dear Fellow SOM Alumni: My name is Jeff Juger (MBA ‘11), and I have the honor to serve as Chair of the SOM Alumni Advisory Board.  I have served on the AAB since 2016, and officially stepped into the leadership role on July 1.  I will try to fill the very large shoes left by my predecessor...

Continue reading “Changing of the Guard”

Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending

June 29, 2020

In response to the COVID-19 pandemic, many countries quickly announced credit guarantee schemes to support lending to small and medium-sized enterprises (SMEs). Under a credit guarantee scheme, the government fully or partially guarantees the value of a loan to an SME, which minimizes the risk to the lender, incentivizing the lender to provide credit. According to recent data from the World Bank, 41 countries have launched 57 credit guarantee schemes for SMEs this year. 

Continue reading “Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending”

Use of Federal Reserve Programs - 06/25/2020

June 25, 2020

Below we report on operational Fed programs, based on the Fed’s weekly H.4.1 release. Since last week, the Treasury’s equity contribution to the Term Asset-Backed Securities Loan Facility was invested in securities; however, no facility-specific assets have been purchased so far. The Bank of England signifantly decreased its use of the swap lines established with the Fed in March. It is now the Fed’s smallest counterparty.

Continue reading “Use of Federal Reserve Programs - 06/25/2020”