In this Suara SEACEN article, we show that global output growth slows down during pandemics, and global growth in the post-pandemic period is slightly lower than the pre-pandemic period. This article argues that public health must remain the top priority; and fiscal stimulus that will cushion the severe impacts of the pandemic must play dominant […]
Author Archives: Rogelio Mercado
Macroeconomics and Monetary Policy
Unchartered Vulnerabilities: Corporate Leveraged Loans and Collateralised Loan Obligations
24
Feb
Feb
In the aftermath of the global financial crisis of 2008-09, accommodative monetary policy, mainly through unconventional means, provided liquidity support which eased financial conditions in the crisis-hit economies of the U.S. and Europe. But the low interest rate environment has encouraged greater risk-taking among corporates and non-bank financial institutions resulting in a build-up of corporate […]