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In 2017, the World Bank launched specialized pandemic bonds intended to provide financial support to developing countries facing the risk of a pandemic. The bonds

In 2017, the World Bank launched specialized pandemic bonds intended to provide financial support to developing countries facing the risk of a pandemic. The bonds offered investors high interest payments in return for taking on the risk of losing a certain amount or all of their money if pandemics occur. In March 2020, the price of these bonds plunged. Use Supply and Demand in the market for these bonds to illustrate why the price dropped at that time.

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