Authorised participants as shock absorbers in fixed-income ETFs
Tài liệu tham khảo
Aquilina, 2020, Fixed income ETFs: primary market participation and resilience of liquidity during periods of stress, Econ. Lett.
Central Bank of Ireland, 2017. “Exchange Traded Funds,” Discussion Paper, May.
Dannhauser, 2017, The impact of innovation: evidence from corporate bond exchange-traded funds (ETFs), J. Financ. Econ., 125, 537, 10.1016/j.jfineco.2017.06.002
Holden, C.W., Nam, J., 2019. “Market accessibility, corporate bond ETFs, and liquidity”, Working paper.
Morning Star (2017), “A guided tour of European ETF marketplace”, February.
Pan, K., Zeng, Y., 2017. “ETF arbitrage under liquidity mismatch”, ESRB Working Paper Series 59, European Systemic Risk Board, December.
Ye, Shuai 2019, “How do ETFs affect the liquidity of the underlying corporate bonds?” Working paper.