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The below diagram shows the evolution of the Dow Jones index in the last year. Use the Loss and Margin Spiral to explain the impact

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The below diagram shows the evolution of the Dow Jones index in the last year. Use the Loss and Margin Spiral to explain the impact of the Corona virus (Start in February 2020) on the financial system. Critically evaluate the role of wholesale banking and liquidity in your discussion. [50 marks] Dow Jones Industrial Average Index 30000 29000 28000 27000 26000 25000 24000 23000 22000 21000 2019-04-01 2019-05-01 2019-06-01 2019-07-01 2019-08-01 2019-09-01 2019-10-01 2019-11-01 2019-12-01 2020-01-01 2020-02-01 2020-03-01

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