Kotomin, Vladimir; Smith, Stanley D.; Winters, Drew B. - In: Journal of Banking & Finance 32 (2008) 2, pp. 240-250
Risk-shifting window dressing and a preferred habitat for liquidity have been offered as possible explanations as to why US money market rates are higher before the year-end than afterwards. The two hypotheses differ in the timing of the rate decline at the year-end and the evidence on the...
