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Central banks’ corporate asset purchase programmes and risk-taking by bond funds in the aftermath of market stress
16 references·0 citing·47 second hopsampled
Central banks’ corporate asset purchase programmes and risk-taking by bond funds in the aftermath of market stress (2024)Central banks’ corporate asset purchase p…Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets (2021)Financial fragility in the CO…When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (2020)When Selling Becomes Viral: D…Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity (2020)Mutual Fund Liquidity Transfo…It's What You Say and What You Buy: A Holistic Evaluation of the Corporate Credit Facilities (2020)It's What You Say and What Yo…Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis (2020)Anatomy of a Liquidity Crisis…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…Market Tantrums and Monetary Policy (2014)Market Tantrums and Monetary …The role of institutional investors in propagating the crisis of 2007–2008 (2011)The role of institutional inv…Measuring the timing ability and performance of bond mutual funds☆ (2010)Measuring the timing ability …How Safe Are Money Market Funds?* (2010)How Safe Are Money Market Fun…Corporate Bond Market Transaction Costs and Transparency (2007)Corporate Bond Market Transac…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)A Simple Implicit Measure of …Leaning against the windLeaning against the windThe effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)Market microstructure theory (1995)Market Microstructure Theory. (1996)Market microstructure: A survey (2000)How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk? (2012)Intermediary asset pricing: New evidence from many asset classes (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)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (1988)Efficient Capital Markets: II (1991)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Business conditions and expected returns on stocks and bonds (1989)Liquidity Risk and Expected Stock Returns (2003)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)Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)The Limits of Arbitrage (1995)Mutual Fund Performance and Flows During the COVID-19 Crisis (2020)Treasury Inconvenience Yields during the COVID-19 Crisis (2020)Bank Runs, Deposit Insurance, and Liquidity (1983)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk (2011)Banks as patient fixed-income investors (2015)Banking on Deposits: Maturity Transformation without Interest Rate Risk (2021)Common risk factors in the returns on stocks and bonds (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)The Rise of Shadow Banking: Evidence from Capital Regulation (2018)Continuous Auctions and Insider Trading (1985)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Frictions in Shadow Banking: Evidence from the Lending Behavior of Money Market Mutual Funds (2014)An Overview of Macroprudential Policy Tools (2015)Institutional herding and its price impact: Evidence from the corporate bond market (2018)Market Liquidity and Funding Liquidity (2008)The Illiquidity of Corporate Bonds (2011)When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (2020)In sickness and in debt: The COVID-19 impact on sovereign credit risk (2021)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)COVID-19 and Its Impact on Financial Markets and the Real Economy (2021)Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market (2021)
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References

  • 1984A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market2,748 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 2007Corporate Bond Market Transaction Costs and Transparency966 cited
  • 2017Investor flows and fragility in corporate bond funds632 cited
  • 2014Reaching for Yield in the Bond Market558 cited
  • 2010How Safe Are Money Market Funds?*423 cited
  • 2020When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response349 cited
  • 2020Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis340 cited
  • 2011The role of institutional investors in propagating the crisis of 2007–2008317 cited
  • 2021Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets288 cited
  • 2017Reaching for Yield in Corporate Bond Mutual Funds285 cited
  • 2020Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity268 cited
  • n.d.Leaning against the wind260 cited
  • 2010Measuring the timing ability and performance of bond mutual funds☆202 cited
  • 2014Market Tantrums and Monetary Policy189 cited

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  • 2020It's What You Say and What You Buy: A Holistic Evaluation of the Corporate Credit Facilities164 cited
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