the portfolio holds common stocks amounts to an asset swap. Such an asset swap does not increase national saving, wealth …. The asset swap is deemed successful if the stock portfolio generates sufficient cash to pay off the interest and principal …

swaps reduces pension funds' exposure to interest rate risk, it exposes pension funds to liquidity risk because of potential … pension funds to margin call risk that can be as large as 7-19% of total assets under management. When interest rates hike and … this risk materializes, pension funds liquidate parts of their fixed income portfolios, primarily selling safe government …

We propose a model to help investors address liquidity questions in strategic asset allocation decisions. We consider … various dimensions of liquidity, such as market and funding liquidity, as well as the dynamic nature of liquidity risk and … liquidity risk capacity that any investor can use to unlock the liquidity premium in a transparent and robust way without …