Money Market Fund Vulnerabilities: A Global Perspective
نویسندگان
چکیده
منابع مشابه
The Economic Implications of Money Market Fund Capital Bu
This paper develops an affine term structure for the valuation of money market funds. This valuation framework is then used to consider the economic implications of funds that are supported by a capital buffer. The main findings are twofold. First, relatively small capital buffers are capable of absorbing daily fluctuations between a fund’s shadow price and its amortized cost. For example, a fu...
متن کاملHow Should Global Fund Use Value-for-Money Information to Sustain its Investments in Graduating Countries?
It has been debated whether the Global Fund (GF), which is supporting the implementation of programs on the prevention and control of HIV/AIDS, tuberculosis (TB) and malaria, should consider the value-for-money (VFM) for programs/interventions that they are supporting. In this paper, we critically analyze the uses of economic information for GF programs, not only to ensure accountability to the...
متن کاملSelf-Similarity and Network Perspective of the Chinese Fund Market
By testing 88 different funds of the Chinese fund market (CFM), we find fractal behavior and long-range correlations in the return series, which are insensitive to the funds kind. Meanwhile, a power-law relationship between the deviation D of prices and the Hurst exponent H has been obtained, which may be useful for predicting the price time series. In addition, with funds being viewed as nodes...
متن کاملHealth technology assessments as a mechanism for increased value for money: recommendations to the Global Fund
The Global Fund is experiencing increased pressure to optimize results and improve its impact per dollar spent. It is also in transition from a provider of emergency funding, to a long-term, sustainable financing mechanism. This paper assesses the efficacy of current Global Fund investment and examines how health technology assessments (HTAs) can be used to provide guidance on the relative prio...
متن کاملMoney: A Market Microstructure Approach
The current discussion about the future of the financial system draws heavily on a set of theories known as the ‘New Monetary Economics’. The New Monetary Economics predicts that deregulation and financial innovation will lead to a moneyless world. This paper uses a market microstructure approach to show that a common medium of exchange that serves as unit of account will remain a necessary ins...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4061247