Plausibly Exogenous [919] - Liquidity Management (08/05/2022)
LHS Variable
Price pressure for treasuries
RHS Variable
Liquidity management practice of mutual funds
Source of Exogenous Variation
2003 mutual fund scandal as a shock to fund ownership
- Huang, Jiang, Liu, and Liu (2021), “Does Liquidity Management Induce Fragility in Treasury Prices: Evidence from Bond Mutual Funds”