Financial intermediaries and contagion in market efficiency: The case of ETFs
Capital constraints of financial intermediaries can affect liquidity provision. We investigate whether these constraints spillover and consequently cause contagion in the degree of market efficiency across assets managed by a common intermediary. Specifically, we provide evidence of strong comovemen...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2022
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7021 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8020/viewcontent/SSRN_id4062962.pdf |
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| Institution: | Singapore Management University |
| Language: | English |