| Autor: |
Barone, Jordan, Chaboud, Alain, Copeland, Adam, Kavoussi, Cullen, Keane, Frank, Searls, Seth |
| Předmět: |
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| Zdroj: |
Economic Policy Review (19320426); Dec2023, Vol. 29 Issue 3, p1-29, 29p |
| Abstrakt: |
The article discusses that the global dash for cash amid the worsening COVID-19 pandemic led to selling pressures across advanced-economy sovereign bond markets, causing market disruptions in March 2020. The authors emphasize that these disruptions were more pronounced and broad-based in the US Treasury market due to differences in leverage dynamics, leading to a heavier buildup of leverage and catalyzing more deleveraging during the COVID-19 shock compared to other sovereign bond markets. |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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