Implications of COVID-19 for Financial Markets - SIAM FME Virtual Talk

Explore the implications of COVID-19 on financial markets in this virtual talk organized by the Society for Industrial and Applied Mathematics. Gain insights from three expert speakers as they delve into the pandemic's effects on various aspects of the financial sector. Learn about the unprecedented steps taken by the Federal Reserve to address Treasury market disruptions, including the causes of increased volatility and illiquidity. Examine the resilience of central counterparties during the turbulent period and understand the systemic considerations related to the nexus between banks and CCPs. Discover the US Government's swift reaction to the pandemic, particularly in the mortgage market, and how it successfully averted a 2008-type drop in home prices despite record-high unemployment. Benefit from the expertise of Michael J. Fleming from the Federal Reserve Bank of New York, Wenqian Huang from the Bank of International Settlements, and David Rios from Columbia University and New York University, as they share their insights in this 59-minute talk moderated by Agostino Capponi from Columbia University.