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You can‘t always get what you want (where you want it) : cross-border effects of the US money market fund reform
Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2022
This paper documents significant cross-border effects of the 2014 US money market fund (MMF) reform on MMFs in the euro … area. As US-based prime MMFs became less money-like due to the reform, euro area-based prime MMFs received large inflows … prime funds in the euro area reduced their risk-taking. However, the industry became more concentrated overall and more …
Persistent link: https://www.econbiz.de/10012876146
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Vulnerable asset management? : the case of mutual funds
Fricke, Christoph; Fricke, Daniel - 2017
Is the asset management sector a source of financial instability? This paper contributes to the debate by performing a macroprudential stress test in order to quantify systemic risks in the mutual fund sector. For this purpose we include the welldocumented flow-performance relationship as an...
Persistent link: https://www.econbiz.de/10011740280