Follow the link for the full summary: https://markusacademy.substack.com/p/evaluating-us-financial-stabilization 

Explore the webinar series: https://markusacademy.substack.com/archive

On March 26, 2020, Nellie Liang joined Markus' Academy. Liang is a Senior Fellow with the Hutchins Center on Fiscal and Monetary Policy at Brookings and a former director of the Division of Financial Stability at the Federal Reserve.

Download the slides here.*

Timestamps: 

[0:00] Markus' Introduction 

[8:24] Beginning of Liang presentation

[9:05] US COVID-19 response 

[14:00] Authorities for providing liquidity 

[17:02] Overview of intervention types 

[18:05] Overview of asset classes 

[26:18] Asset purchases and repo 

[27:49] Traditional and novel lender of last resort 

[30:47] Credit markets 

[40:41] Macroprudential policies 

[45:05] Mainstreet business lending 

[48:46] Government commitments for systemic policies and government employee growth