3 Items

Workers wearing personal protective equipment builds splash guards during a mass manufacturing operation to supply New York City government with protection to distribute against COVID-19.

AP Photo/John Minchillo

Analysis & Opinions - Atlantic Council

What COVID-19 Means For the United States’ Economic and Financial Statecraft

| Mar. 30, 2020

It is already evident that coronavirus (COVID-19) has triggered a deeper recession than that of the 2008-2009 Global Financial Crisis. Much like the latter, monetary authorities at the US Federal Reserve have undertaken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion in the corporate bond market, as well as swap lines targeting the global dollar shortage. Beyond these moves, the broader policy response during and after the COVID-19 outbreak may drive longer-term changes in the global trading system.  

A pedestrian wearing a surgical mask and gloves walks past the New York Stock Exchange on Thursday, March 19, 2020, in New York.

AP Photo/Kevin Hagen

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

What COVID-19 Means for America’s Economic and Financial Statecraft

| Mar. 27, 2020

It is already evident that coronavirus has triggered a deeper recession than that of the Global Financial Crisis. Much like the latter, monetary authorities at the Federal Reserve have undertaken unprecedented actions to support liquidity in global markets.