Do Fire Sales Create Externalities?
收藏NBER2018-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25104
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资源简介：
We develop three novel measures of how much of the price impact of their trading different mutual funds internalize. We show that mutual funds that internalize more of their price impact hold larger cash buffers and use these buffers more aggressively to accommodate inflows and outflows. As a result
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美国国家经济研究局创建时间：
2018-10-01
