Discussion Paper
Monitoring the Liquidity Profile of Mutual Funds
Abstract: Policymakers and academics have been particularly attuned to the issues of liquidity transformation and first mover advantage at open-end mutual funds. Open-end mutual funds engage in liquidity transformation because they promise one-day redemptions on their assets, even when the invested assets have low or uncertain liquidity.
https://doi.org/10.17016/2380-7172.2558
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2020-05-29
Number: 2020-05-29
Note: This note was updated on July 10, 2020 to extend the analysis through the COVID-19 outbreak.