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Mutual Fund Fragility, Dealer Liquidity Provision, and the Pricing of Municipal Bonds
16 references·1 citing·42 second hop
Mutual Fund Fragility, Dealer Liquidity Provision, and the Pricing of Municipal Bonds (2023)Mutual Fund Fragility, Dealer Liquidity P…Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis (2020)Anatomy of a Liquidity Crisis…The Volcker Rule and corporate bond market making in times of stress (2018)The Volcker Rule and corporat…Capital Commitment and Illiquidity in Corporate Bonds (2018)Capital Commitment and Illiqu…Reaching for Yield in Corporate Bond Mutual Funds (2017)Reaching for Yield in Corpora…Investor flows and fragility in corporate bond funds (2017)Investor flows and fragility …Reaching for Yield in the Bond Market (2014)Reaching for Yield in the Bon…The Illiquidity of Corporate Bonds (2011)The Illiquidity of Corporate …Payoff complementarities and financial fragility: Evidence from mutual fund outflows (2010)Payoff complementarities and …Corporate Yield Spreads and Bond Liquidity (2007)Corporate Yield Spreads and B…Secondary Trading Costs in the Municipal Bond Market (2006)Secondary Trading Costs in th…Financial Intermediation and the Costs of Trading in an Opaque Market (2006)Financial Intermediation and …Asset Fire Sales (and Purchases) in Equity Markets (2005)Asset Fire Sales (and Purchas…Over-the-Counter Markets (2004)Over-the-Counter MarketsMarket Microstructure Theory. (1996)Market Microstructure Theory.A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)A Simple Implicit Measure of …Bank Runs, Deposit Insurance, and Liquidity (1983)Bank Runs, Deposit Insurance,…Carbon Emissions, Mutual Fund Trading, and the Liquidity of Corporate Bonds (2025)Carbon Emissions, Mutual Fund…Continuous Auctions and Insider Trading (1985)Illiquidity and stock returns: cross-section and time-series effects (2002)Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation (2015)Where the Risks Lie: A Survey on Systemic Risk (2015)The Bargaining Problem (1950)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Liquidity and Asset Prices (2006)Corporate bond liquidity before and after the onset of the subprime crisis (2011)The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response (2013)Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression (1983)Financial Intermediation and Delegated Monitoring (1984)Financial Contagion (2000)Market Liquidity and Funding Liquidity (2008)A Monetary History of the United States, 1867-1960 (2017)The Behavior of Stock-Market Prices (1965)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (1988)Efficient Capital Markets: II (1991)Risk, Return, and Equilibrium: Empirical Tests (1973)Liquidity Risk and Expected Stock Returns (2003)How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk? (2012)Rollover Risk and Credit Risk (2012)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Business conditions and expected returns on stocks and bonds (1989)The “greatest” carry trade ever? Understanding eurozone bank risks (2014)Bank Leverage and Monetary Policy's Risk‐Taking Channel: Evidence from the United States (2016)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)Presidential Address: Asset Price Dynamics with Slow‐Moving Capital (2010)Fire Sales in Finance and Macroeconomics (2011)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Limited-dependent and qualitative variables in econometrics (1983)Do Shareholders Benefit from Green Bonds? (2018)Market microstructure: A survey (2000)Corporate Bond Market Transaction Costs and Transparency (2007)MIDAS Regressions: Further Results and New Directions (2007)The Rise of Shadow Banking: Evidence from Capital Regulation (2018)When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (2020)Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets (2021)
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References

  • 1983Bank Runs, Deposit Insurance, and Liquidity9,689 cited
  • 1984A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market2,748 cited
  • 2005Asset Fire Sales (and Purchases) in Equity Markets1,704 cited
  • 2004Over-the-Counter Markets1,199 cited
  • 1996Market Microstructure Theory.1,152 cited
  • 2007Corporate Yield Spreads and Bond Liquidity1,087 cited
  • 2011The Illiquidity of Corporate Bonds989 cited
  • 2010Payoff complementarities and financial fragility: Evidence from mutual fund outflows702 cited
  • 2017Investor flows and fragility in corporate bond funds632 cited
  • 2014Reaching for Yield in the Bond Market558 cited
  • 2006Financial Intermediation and the Costs of Trading in an Opaque Market379 cited
  • 2006Secondary Trading Costs in the Municipal Bond Market376 cited
  • 2020Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis340 cited
  • 2018Capital Commitment and Illiquidity in Corporate Bonds326 cited
  • 2017Reaching for Yield in Corporate Bond Mutual Funds285 cited
  • 2018The Volcker Rule and corporate bond market making in times of stress

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  • 2025Carbon Emissions, Mutual Fund Trading, and the Liquidity of Corporate Bonds19 cited