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The Behavior of Fixed-Income Funds During COVID-19 Market Turmoil, Felix Suntheim, Frank Hespeler


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Автор: Felix Suntheim, Frank Hespeler
Название:  The Behavior of Fixed-Income Funds During COVID-19 Market Turmoil
ISBN: 9781513563695
Издательство: Mare Nostrum (Eurospan)
Классификация:
ISBN-10: 1513563696
Обложка/Формат: Paperback
Страницы: 13
Вес: 0.33 кг.
Дата издания: 30.12.2023
Серия: Global financial stability notes
Язык: English
Размер: 21.59 x 13.97 x 3.81 cm
Ключевые слова: Banking,International economics,International finance
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Поставляется из: Англии
Описание: This note analyzes the stress experienced (and caused) by open-end mutual funds during the March COVID-19 stress episode, with a focus on global fixed-income funds. In light of increased valuation uncertainty, funds experienced a short period of intense withdrawals while the market liquidity of their holdings deteriorated substantially. To cover redemptions, afflicted funds predominantly shed liquid assets first—for example, cash, cash equivalents, and US Treasury securities. But forced asset sales amplified price pressures in markets and contributed to liquidity falling across fixed-income markets. This drop in market liquidity, as well as the general stress in financial markets, may have led to fund investors becoming even more sensitive to challenging portfolio performance and encouraged further withdrawals. Only after central banks intervened, directly and indirectly supporting asset managers, did liquidity and redemption stress subside. Overall, the March episode validated the financial-stability concerns about liquidity vulnerabilities in the fund industry and calls for further action to address them.


The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation

Автор: Vanhoose David
Название: The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation
ISBN: 3662571927 ISBN-13(EAN): 9783662571927
Издательство: Springer
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Цена: 19564.00 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: The goal of this original and relevant book is to provide a complete overview, exposition, and evaluation of the interplay among bank behavior, market structure, and regulation. It also considers implications for a variety of public policy issues.

Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War

Автор: Biddle Cordelia Frances
Название: Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War
ISBN: 1620064871 ISBN-13(EAN): 9781620064870
Издательство: Неизвестно
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Цена: 2752.00 р.
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Описание:

The first half of the 19th century was an era of upheaval. The United States nearly lost the War of 1812. Partisanship became endemic during violent clashes regarding States' Rights and the abolition of slavery. The battle between Andrew Jackson and Nicholas Biddle over the Second Bank of the United States epitomized a nation in turmoil: Biddle, the erudite aristocrat versus Jackson, the plain-spoken warrior. The conflict altered America's political arena.


In 1832, President Andrew Jackson vowed to kill the Central Bank, setting in motion the infamous Bank War that almost bankrupted the nation. Under Biddle's guidance, the Second Bank of the United States had become the most stable financial institution in the world. Biddle fought Jackson with tenacity and vigor; so did members of Congress not under the sway of "Old Hickory." Jackson accused Biddle of treason; Biddle declared that the president promoted anarchy. The fight riveted the nation.

The United States is experiencing a reappearance of deep schisms within our population. They hearken back to the earliest debates about the federal government's role regarding fiduciary responsibility and social welfare. The ideological descendants of Nicholas Biddle and Andrew Jackson are as polarized today as they were during the nineteenth century.

With this book, author Cordelia Frances Biddle documents the epic fight between Nicholas Biddle and Andrew Jackson over the fate of the Second Bank of the United States, shedding new light with previously undiscovered documents while bringing the story to life in a compelling biography of political intrigue.


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