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La Spada, 2018 - Google Patents

Competition, reach for yield, and money market funds

La Spada, 2018

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Document ID
14267026093381599340
Author
La Spada G
Publication year
Publication venue
Journal of Financial Economics

External Links

Snippet

Do asset managers reach for yield because of competitive pressures in a low rate environment? I propose a tournament model of money market funds (MMFs) to study this question. When funds care about relative performance, an increase in the risk premium …
Continue reading at papers.ssrn.com (PDF) (other versions)

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    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Investment, e.g. financial instruments, portfolio management or fund management
    • G—PHYSICS
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