Search Results - "Shachar, Or"
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Why Do Closed-End Bond Funds Exist? An Additional Explanation for the Growth in Domestic Closed-End Bond Funds
Published in Journal of financial and quantitative analysis (01-04-2013)“…This paper provides a new explanation for why closed-end bond funds coexist along with otherwise identical open-end bond funds. Closed-end bond funds offer…”
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Dealer balance sheets and bond liquidity provision
Published in Journal of monetary economics (01-08-2017)“…•Prior to the financial crisis, bonds traded by more levered firms were more liquid.•After the crisis, bonds traded by firms with more leverage became less…”
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It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities
Published in Journal of financial economics (01-06-2022)“…We evaluate the impact of the Federal Reserve corporate credit facilities (PMCCF and SMCCF) on corporate bond markets. Conditions in primary markets improve…”
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Dealer Liquidity Provision and the Breakdown of the Law of One Price: Evidence from the CDS–Bond Basis
Published in Management science (01-09-2019)“…We examine dealers’ liquidity provision against mispricing in the corporate bond market from 2005 to 2009. Dealers on average serve as stabilizing liquidity…”
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Market Liquidity After the Financial Crisis
Published in Annual review of financial economics (01-01-2017)“…This article examines market liquidity in the postcrisis era in light of concerns that regulatory changes might have reduced dealers' ability and willingness…”
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Liquidity regulations, bank lending and fire-sale risk
Published in Journal of banking & finance (01-11-2023)“…We examine whether U.S. banks subject to the Liquidity Coverage Ratio (LCR) reduce lending (an unintended consequence) and/or become more resilient to…”
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THE MUNICIPAL LIQUIDITY FACILITY
Published in Economic Policy Review - Federal Reserve Bank of New York (01-06-2022)“…At the onset of the COVID-19 pandemic, state and local governments were among the sectors expected to experience the most severe distress. The combination of a…”
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THE LONG AND SHORT OF IT: THE POST-CRISIS CORPORATE CDS MARKET
Published in Economic Policy Review - Federal Reserve Bank of New York (01-06-2020)“…The credit default swap (CDS) market, which became notorious in the wake of the 2007-09 financial crisis, is the third biggest over-the-counter (OTC)…”
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THE PRIMARY AND SECONDARY CORPORATE CREDIT FACILITIES
Published in Economic Policy Review - Federal Reserve Bank of New York (01-06-2022)“…The Federal Reserve introduced the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF) in response to…”
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Non-Standard Errors
Published 2024“…In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population…”
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