banks had a large impact on exposed bonds' liquidity. Moreover, based on these ties, we show that bond mutual fund panic …

economic shocks of the pandemic. While the Coronavirus Aid, Relief, and Economic Security (CARES) Act that passed in March 2020 …-provided rent relief until the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, which provided $25 billion …

We examine the microstructure of liquidity provision in the COVID-19 corporate bond liquidity crisis. During the two …-primary dealers, shifted from buying to selling, causing dealers' inventories to plummet. Liquidity provisions in electronic customer …-to-customer trading increased, though at prohibitively high costs. By improving dealer funding conditions and providing a liquidity …

's prediction that small firms may be unable to access liquidity when large shocks arrive using data on drawdowns in the COVID … large firms on pre-committed lines of credit. Differences in demand for liquidity cannot fully explain the differences in … and 125 percent of the amount of their PPP funds, suggesting that government-sponsored liquidity can overcome private …