What’s going on in the financial markets at the moment, and what does might it mean for the economy? Torsten Slok, chief economist at Deutsche Bank, and Richard Portes of the London Business School, honorary president of the CEPR, explain Link: COVID-19 and global financial markets

Faced with growing uncertainty around the COVID-19 pandemic, countries around the world are taking extreme measures to lessen the already severe impact on their citizens’ health, well-being, and economic circumstances. What are the implications of the pandemic for the global economy? How has it affected global financial markets—and what might we expect moving forward? On[…]

To promote continuity in research, the Georgetown Center for Financial Markets and Policy @GUFinPolicy will be hosting a Global Virtual Seminar Series on FinTech via Zoom. Our plan is to involve researchers interested in FinTech in the US and around the world as both speakers and participants. Link: Global Virtual Seminar Series on FinTech

Years of quantitative easing by the ECB have suppressed sovereign yields to historic lows. This has contributed to a shadow banking boom, as market participants invested heavily in various private asset constructions. This column argues that the coronavirus shock poses a serious liquidity risk for the shadow banking sector, where significant funding has been extended[…]

In crises, the dollar tends to appreciate – especially against emerging market currencies – and dollar liquidity becomes scarce. This column shows that today’s events are following the historical pattern. Forex market turmoil is preceded by an inversion of the US yield curve as investors, anticipating tough times ahead, require relatively high short-term yields and[…]