Impact of COVID-19 on Structured Finance
By Kishore K. Yalamanchili
A featured article of our November 2020 edition of PRMIA's Intelligent Risk quarterly newsletter
The shutdown of the economy due to COVID-19 is causing more widespread and rapid dislocation than in the 2008/09 Financial crisis. While the great recession of 2007-08 was triggered by large scale defaults within the residential sector, spreading widespread chaos later to other sectors, the current crisis is due to the healthcare pandemic impacting economic activity worldwide.
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