Exchange-traded funds
ETFs are one of the most successful financial innovations of the last few decades. As a new, rapidly growing, and increasingly complex financial instrument, ETFs might raise concerns about the risk they pose to financial stability. While they do not seem to pose a threat at this time, ETFs exposed a weakness in U.S. stock markets during the Flash Crash of 2010: the fragmented nature of trading, which can leave some markets very shallow.
Year of publication: |
2012
|
---|---|
Authors: | Ergungor, O. Emre |
Published in: |
Economic Commentary. - Federal Reserve Bank of Cleveland. - 2012, May, 5
|
Publisher: |
Federal Reserve Bank of Cleveland |
Saved in:
freely available
Saved in favorites
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