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crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of … relieve wage bills is the most effective tool to reduce liquidity shortages, followed by debt moratorium policies. Finally …
Persistent link: https://www.econbiz.de/10012421252
This paper summarises and discusses results from a survey of the liquidity buffer practices of debt managers in OECD … Turkey provide a deeper insight into liquidity buffer practices. While the level, investment, transparency and other … governance features vary, the survey results show that keeping a liquidity buffer is a common practice among debt management …
Persistent link: https://www.econbiz.de/10011976166
I model an open-end mutual fund investing in illiquid assets and show that the fund's endogenous cash management can generate shareholder runs even with a flexible NAV. The fund optimally re-builds its cash buffers at time t + 1 after outflows at t to prevent future forced sales of illiquid...
Persistent link: https://www.econbiz.de/10011976823
There are competing arguments about the likely effects of Sovereign Bond-Backed Securitisation on the liquidity of … sovereign bond markets. By analysing hedging and diversification opportunities, this paper shows that positive liquidity …
Persistent link: https://www.econbiz.de/10011848364
negative impact on capital formation due to liquidity effects, the effect is less pronounced for firms that are in financial …
Persistent link: https://www.econbiz.de/10011820889
Persistent link: https://www.econbiz.de/10011907130
Regulation of Money Market Funds (MMFs) in the EU requires some categories of MMFs to consider applying liquidity … management tools if they breach a minimum 'weekly' liquidity requirement. Anticipation of the application of such tools is a … liquidity thresholds explains differences in redemptions both at the start of the COVID-19 crisis and in the following months …
Persistent link: https://www.econbiz.de/10012670037