Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds
收藏NBER2016-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22391
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资源简介：
We study liquidity transformation in mutual funds using a novel data set on their cash holdings. To provide investors with claims that are more liquid than the underlying assets, funds engage in substantial liquidity management. Specifically, they hold substantial amounts of cash, which they use to
提供机构：
美国国家经济研究局
创建时间：
2016-07-01
