News & Events

Throwing COVID Liquidity Life-Line

March 17, 2020
COVID19 Liquidity Life Line

Enable firms to pay
(i) wages (Kurzarbeit scheme) and
(ii) other cash outflows by 
granted (super senior) loans that are paid back like taxes over 8 years

Proposal by Markus Brunnermeier, Jean-Pierre Landau, Marco Pagano, and Ricardo Reis

covid_liquiditylifeline.pdf128 KB