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This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …
Persistent link: https://www.econbiz.de/10012605013
greater risk. By exploiting the enactment of the American Taxpayer Relief Act 2012 as an exogenous tax shock, we observe that … co-investing fund managers increase risk-taking by 8%. Specifically, these managers adjust their portfolios by investing …
Persistent link: https://www.econbiz.de/10014323792
We use a unique and comprehensive data set on open-end real estate funds in Germany to study a liquidity crisis that …
Persistent link: https://www.econbiz.de/10003882920
-end fund structure was so prevalent in Germany. Based on these theoretical insights we evaluate the various policy …
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Investment funds are highly connected with each other, but also with the broader financial system. In this paper, we quantify potential vulnerabilities arising from funds' connectedness. While previous work exclusively focused on indirect connections (overlapping asset portfolios) between...
Persistent link: https://www.econbiz.de/10012264505