The Economic Implications of Coronavirus: Financial markets are falling

By Aurora Ceccotti The global aggregate bond and stock paper wealth have crashed 25 trillion dollars since the 21st of February and all global gains from stocks and bonds since December 2018 have been erased. The US is experiencing what Keynes named a liquidity trap, i.e. a condition under which monetary policies result to beContinue reading “The Economic Implications of Coronavirus: Financial markets are falling”

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