Author: B. H. BeckhartPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The New York Money Market: Volume 3:Uses of Funds
Author: B. H. BeckhartThe New York Money Market
Author: B. H. BechartThe New York Money Market: Origins and development
Author: Margaret G. MyersPublisher:
ISBN:
Category : Money market
Languages : en
Pages : 512
Book Description
Federal Reserve's Commercial Paper Funding Facility
Author: Tobias AdrianPublisher: DIANE Publishing
ISBN: 1437929303
Category : Business & Economics
Languages : en
Pages : 38
Book Description
The Federal Reserve (FR) created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Lehman Bros. on Sept. 15, 2008. The CPFF finances the purchase of highly rated unsecured and asset-backed commercial paper from eligible issuers via primary dealers. The facility is a liquidity backstop to U.S. issuers of commercial paper, and its creation was part of a range of policy actions undertaken by the FR to provide liquidity to the financial system. This report documents aspects of the financial crisis relevant to the creation of the CPFF, reviews the operation of the CPFF, discusses use of the facility, and draws conclusions for lender-of-last-resort facilities. Charts and tables.
New York money market
Author: Swing Pricing and Fragility in Open-end Mutual Funds
Author: Dunhong JinPublisher: International Monetary Fund
ISBN: 1513519492
Category : Business & Economics
Languages : en
Pages : 46
Book Description
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.
Cross Section of Money Market Fund Risks and Financial Crises
Author: Publisher: DIANE Publishing
ISBN: 1437940013
Category :
Languages : en
Pages : 63
Book Description
The New York Money Market: External and internal relations
Author: James G. SmithPublisher:
ISBN:
Category : Money market
Languages : en
Pages : 670
Book Description
Investment Company Act Release
Author: United States. Securities and Exchange CommissionPublisher:
ISBN:
Category : Mutual funds
Languages : en
Pages : 974
Book Description
Performance Evaluation and Attribution of Security Portfolios
Author: Bernd R. FischerPublisher: Academic Press
ISBN: 0080926525
Category : Business & Economics
Languages : en
Pages : 725
Book Description
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success. - Gives readers the theories and the empirical tools to handle their own data - Features practice problems formerly from the CFA Program curriculum.