---
title: Feds SMCCF Analysis
url: https://www.ml-quant.com/papers/ssrn/5194501/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5194501
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5194501
featured: 2025-03-26
citations: unknown
topic: Risk, Credit & Banking
---


# Feds SMCCF Analysis

The effectiveness of the Secondary Market Corporate Credit Facility in stabilizing the US corporate bond market during the COVID-19 pandemic is analyzed, highlighting the positive impact of the Federal Reserve's actions.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5194501
- Identifier: SSRN 5194501
- Released: 2025-03-26
- First featured: Quant Letter No. 90 (2025-03-26): https://www.ml-quant.com/issues/2025-03-26/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking

## Related

- [Financial Fragilities and Risk-taking of Corporate Bond Funds in the Aftermath of Central Bank Policy Interventions](https://www.ml-quant.com/papers/ssrn/4463970/): It finds that central bank asset purchases during the pandemic led corporate bond fund managers to take more risks, affecting market stability.
- [Investor Structure and Credit Spreads](https://www.ml-quant.com/papers/ssrn/5145282/): The article provides new insights into the factors affecting bond credit spreads in China, with a focus on wealth management products and central bank policies.
- [Collateral policy surprises](https://www.ml-quant.com/papers/repec/zbw-bubdps-343110/): Expansionary central bank collateral policy surprises reduce bank default risk and volatility while compressing government bond spreads, transmitting effects distinctly from asset purchases.
- [Modelling the term-structure of default risk under IFRS 9 within a multistate regression framework](https://www.ml-quant.com/papers/arxiv/2502.14479/): A study comparing three loan behavior modeling techniques finds multinomial logistic regression to be the most effective, potentially improving loss reserve estimates in banking.
- [The Relative Entropy of Expectation and Price](https://www.ml-quant.com/papers/arxiv/2502.08613/): The article explores the non-linear pricing in incomplete securities markets, measuring strategic risks using an entropic risk metric and adjusting the price for market incompleteness and default risk.
- [The Bank of Italy’s Statistical Model for the Credit Assessment of Non-Financial Firms](https://www.ml-quant.com/papers/ssrn/5270521/): The Bank of Italy uses a combination of statistical models and expert assessments in its in-house credit assessment system to predict default probabilities of non-financial firms, aiding in monetary policy.
