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Impact of COVID-19 on the Global Financial System

Impact of COVID-19 on the Global Financial System

www3.weforum.org

disruptions, and the resilience of financial institutions. At the end of February 2020, financial markets entered a risk-off phase with significantly increased volatility across markets. Equity markets began declining rapidly, losing around 30% of market value in a matter of weeks, with the speed of the sell-

  System, Global, Sarco, Market, Financial, Institutions, Financial institutions, Financial markets, 19 on the global financial system, Across markets

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