LIBERTY STREET ECONOMICS
How Has COVID-19 Affected Banking System Vulnerability?
Kristian Blickle, Matteo Crosignani, Fernando Duarte, Thomas Eisenbach, Fulvia Fringuellotti, and Anna Kovner
The COVID-19 pandemic has led to significant changes in banks’ balance sheets. To understand how these changes have affected the stability of the U.S. banking system, the authors provide an update of four analytical models that aim to capture different aspects of banking system vulnerability. The four models monitor vulnerabilities of U.S. banking firms and the way in which these vulnerabilities interact to amplify negative shocks.
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