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BIS Quarterly Review, September 2020

This Quarterly Review looks at the financial market's recovery from March's acute stress, noting that the upturn has been uneven and corporate balance sheets remain fragile. It also analyses how lower interest rates affect stock prices and explores why equity investors have been negative towards banks even though they entered the pandemic well positioned to absorb losses thanks to post-2008 regulatory reforms. 

PDF full text, 14 September 2020

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