Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds

Posted: 22 Oct 2019

See all articles by Kenechukwu Anadu

Kenechukwu Anadu

Federal Reserve Banks - Federal Reserve Bank of Boston; Babson College

Fang Cai

Federal Reserve Board

Multiple version iconThere are 2 versions of this paper

Date Written: 2019-08-09

Abstract

Net assets in open-end (non-money market) mutual funds (MFs) have increased notably over the past decades.

Suggested Citation

Anadu, Kenechukwu and Cai, Fang, Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds (2019-08-09). FED Notes No. 2019-08-09, Available at SSRN: https://ssrn.com/abstract=3473078 or http://dx.doi.org/10.17016/2380-7172.2412

Kenechukwu Anadu (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Boston ( email )

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Babson College ( email )

231 Forest St.
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Fang Cai

Federal Reserve Board ( email )

Office of Financial Stability Policy and Research
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Washington, DC 20551
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202-263-4850 (Fax)

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