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Redemptions and asset liquidations in corporate bond funds
Dötz, Niko; Weth, Mark - 2019
Mutual funds' exposure to corporate bonds has brought concerns about risks arising from liquidity transformation back … to the fore. With a focus on fund asset liquidity and investors, this paper explores the flow-performance relationship … and the liquidity management of funds in the presence of net redemptions. We highlight the response of fund liquidity …
Persistent link: https://www.econbiz.de/10012268205
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Non-bank finance for firms : the role of private equity funds in north-western Italy
Coin, Daniele; Vacca, Valerio - 2014 - Draft
Using fund-, firm- and bank-level data we investigate the investments of private equity (PE) funds in the north-western regions of Italy. Both the private equity fund managers and the PE investments are heavily concentrated in this most developed area of the country. The average size of the...
Persistent link: https://www.econbiz.de/10011504387
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Can fintechs stabilize the financial sector?
Windl, Martin - 2020
The growing popularity of fintechs has led the Financial Stability Board (FSB) to publish considerations about the effects of this emerging industry on stability and efficiency in the financial sector. Against this background, this paper compares the effects of competition and collaboration...
Persistent link: https://www.econbiz.de/10012419125
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Nonbanks, banks, and monetary policy : U.S. loan-level evidence since the 1990s
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis; … - 2020
We show that nonbanks (funds, shadow banks, fintech) reduce the effectiveness of tighter monetary policy on credit supply and the resulting real effects, and increase risk-taking. For identification, we exploit exhaustive US loan-level data since 1990s and Gertler-Karadi monetary policy shocks....
Persistent link: https://www.econbiz.de/10012425891
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Connected funds
Fricke, Daniel; Wilke, Hannes - 2020
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/10012421902
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Multinational banking : the crisis and its policy response
Muting, Miriam - 2019
Stylized data shows a structural break in the integration of lending markets which coincides with the global financial crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and lending in particular. This increase in lending...
Persistent link: https://www.econbiz.de/10012317329
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The necessity for regulating the insurance market considering the implementation of the IDD
Petsch, Victoria - In: Proceedings of the ENTRENOVA - ENTerprise REsearch … 5 (2019) 1, pp. 179-186
In 2018, the Insurance Distribution Directive (IDD) was fully implemented by all EU member states. It intends to … harmonize the insurance market, provide the right incentives for the agents and protect the consumers. But why? The core … the latest changes in the insurance business require these limitations and monitoring. This paper offers a literature …
Persistent link: https://www.econbiz.de/10012228040
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Direct compensation and risk management : a key study from the insurance sector
Gamba, Valter; Venuti, Francesco; Forliano, Canio; … - 2019
Persistent link: https://www.econbiz.de/10012102289
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Regional dynamics of private pension funds in Romania : 51th European Congress of the Regional Science Association International, 30th August - 3rd September 2011, Barcelona, Spain
Constantinescu, Dan - 2011
The number of participants in the private pension funds, as well as the volume of their contribution, differs significant in each development region. It goes without saying that the territorial distribution of the indicators related to pension funds are influenced, on the one hand, by the offer...
Persistent link: https://www.econbiz.de/10011541354
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Development of soft commodity derivative market in function of the risk management in CEE
Kovacevic, Vlado; Subic, Jonel; Janković, Irena - In: Agrarian economy and rural development : realities and …, (pp. 189-195). 2020
liquidity. Joint commodity market between different commodity exchanges in the CEE could lead to increase of necessary liquidity …
Persistent link: https://www.econbiz.de/10012518261