Discussion Paper
Banking System Vulnerability through the COVID-19 Pandemic
Abstract: More than a year into the COVID-19 pandemic, the U.S. banking system has remained stable and seems to have weathered the crisis well, in part because of effects of the policy actions undertaken during the early stages of the pandemic. In this post, we provide an update of four analytical models that aim to capture different aspects of banking system vulnerability and discuss their perspective on the COVID pandemic. The four models, introduced in a Liberty Street Economics post in November 2018 and updated annually since then, monitor vulnerabilities of U.S. banking firms and the way in which these vulnerabilities interact to amplify negative shocks.
Keywords: COVID-19; banking system; vulnerability;
JEL Classification: G2;
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https://libertystreeteconomics.newyorkfed.org/2021/11/banking-system-vulnerability-through-the-covid-19-pandemic/
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2021-11-15
Number: 20211115