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fewer funding opportunities, have preexisting debt balances, and be situated in a county with COVID-19 cases. Implementing further eligibility requirements could assist target funds in the direction of essentially the most constrained agency. We analyze tips on how to optimally have interaction in social distancing to be able to minimize the spread of an infectious illness. We determine conditions underneath which the optimal policy is single-peaked, i.e., first engages in more and more extra social distancing and subsequently decreases its depth. We show that the optimum policy would possibly delay measures that decrease the transmission rate substantially to create “herd-immunity” and that engaging in social distancing sub-optimally early can enhance the variety of fatalities. Finally, we find that optimum social distancing may be an efficient measure in substantially reducing the demise fee of a disease. In March of 2020, banks confronted the largest increase in liquidity demands ever observed. Firms drew funds on a massive scale from pre-current credit score strains and mortgage commitments in anticipation of cash flow disruptions from the financial shutdown designed to comprise the COVID-19 disaster. The increase in liquidity demands was concentrated on the largest banks, who serve the most important corporations. Pre-disaster financial situation didn’t limit banks’ liquidity supply.

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