Bodies for international standard setting therefore ought to include representatives from international financial centers. Systemically important financial centers should clearly play a distinguished role in the international post crisis architecture. In this respect, I fully concur with the suggestions for the way forward in the latest IMF paper. Thank you for your attention.
Analysis by Bhutta and others uses data from the Survey of Consumer Finances to assess how the cash assistance (expanded unemployment insurance benefits and stimulus payments) under the CARES Act would help families cope with job loss and find that the CARES Act dramatically improves households’ financial security; see Neil Bhutta, Jacqueline Blair, Lisa J. Dettling, and Kevin B. Moore (2020), “COVID-19, the CARES Act, and Families’ Financial Security,” working paper, July.