Covid19

Philippine banks squeezed as Covid-19 ravages economy

Philippine banks squeezed as Covid-19 ravages economy

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The Philippines is battling one of the worst Covid-19 outbreaks in Asia and the tough restrictions that have been in place over the past year have caused gross domestic product to contract for five quarters, including a 4.2% drop in the first three months of 2021. “The number of infections has remained elevated, which has … Read more

Firm-specific risk-neutral distributions with options and CDS

ESRB report on the financial stability implications of Covid-19 support measures to protect the real economy

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Ladies and gentlemen, thank you for joining today’s conference call. The report we present today is novel in two respects: First, the report benefited from the unique data collection on covid-19 related support measures under Recommendation ESRB/2020/8 issued by the European Systemic Risk Board (ESRB) in May 2020. This support has a total nominal value … Read more