Bond market fire sales and turbulence in the Norwegian FX market in March 2020

The world witnessed a meltdown in financial markets in March 2020 as the Covid-19 pandemic hit the global economy. In this memo we document how the turbulence affected Norwegian financial markets. We describe possible mechanisms behind the stress in the Norwegian foreign exchange and bond markets, and how policy measures were used by Norges Bank to alleviate market frictions.

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Year of publication:	2021
Authors:	Alstadheim, Ragna ; Nordal, Kjell Bjørn ; Syrstad, Olav B. ; Walstad Wassås, May-Iren
Publisher:	Oslo : Norges Bank
Subject:	Devisenmarkt \| Rentenmarkt \| Coronavirus \| Zentralbank \| Geldpolitik \| Norwegen

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Series:	Staff Memo ; 2/2021
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	Norwegian
ISBN:	978-82-8379-183-9
Other identifiers:	1749073528 [GVK] hdl:10419/246156 [Handle] hdl:11250/2728573 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10012661607