Est. Budget: $2,000.00
Examining potential for systemic risk and market dislocation from fixed income fund redemptions.
Paper would research following trends, which we believe contribute to risk of bond fund redemptions exceeding market's capacity to provide necessary liquidity:
- growth in bond funds
- decline in bond market liquidity
- evidence that bond fund inflows have largely come from money market fund outflows - and thus many bond fund investors are ill suited for potential volatility of bond funds.
- evidence that bonds funds are taking more ...