Open-end mutual funds engage in liquidity transformation because promise one-day redemptions on assets, even when the invested assets have low or uncertain liquidity -> in March 2020 they became major drivers of the “dash for cash”. We need REGULATION!
federalreserve.gov/econres/notes/… https://t.co/asTbMYXP3i
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…