Nicolas Véron

Financial Statements: The Nexus of Interest Rates, Banks, and Politics

The session on Wednesday, December 22, explored how far central banks could go into negative interest rates - not a current issue right now, but one that may come back in the medium term. My guests were the IMF's Ruchir Agarwal, and Markus Brunnermeier of Princenton University and PIIE. 

Financial Statements: Lessons Learned on Corporate Credit Risk

In yesterday's session, Sebnem Kalemli-Özcan (University of Maryland) and Atsi Sheth (Moody's) reflected on the benign outcomes so far from the COVID-19 pandemic shock in terms of corporate bankruptcies or zombification. This provided an update on the first-ever Financial Statements session in June 2020, when uncertainty was still very high near the start of the lockdown cycle.