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Wang et al., 2020 - Google Patents

Fire sales and impediments to liquidity provision in the corporate bond market

Wang et al., 2020

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Document ID
7977371812529791142
Author
Wang Z
Zhang H
Zhang X
Publication year
Publication venue
Journal of Financial and Quantitative Analysis

External Links

Snippet

We examine impediments to liquidity provision by mutual funds to insurance companies during corporate bond fire sales. We find that financial regulation and limited capital capacity significantly affect liquidity provision. Mutual funds reduced their purchase of fire-sale bonds …
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