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The COVID-19 outbreak created a global public health crisis to which governments responded with several measures, including a lockdown on social and economic activities. This study assessed: (1) the supply chain disruptions caused by the lockdown, (2) the supply chain disruption effects on the...
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This paper evaluates the efficacy of the Secondary Market Corporate Credit Facility, a program designed to stabilize the U.S. corporate bond market during the COVID-19 pandemic. The program announcements on March 23 and April 9, 2020, significantly reduced investment-grade credit spreads across...
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