Is The Rush To Safety Making Corporate Bonds Unsafe?Guest Post
Is The Rush To Safety Making Corporate Bonds Unsafe? by Knowledge@Wharton
Skittish investors seeking safety have poured a lot of money into corporate bond mutual funds in recent years. Which raises the question: What happens when that flow reverses?
In their paper, “Investor Flows and Fragility in Corporate Bond Funds,” Wharton finance professor Itay Goldstein, and co-authors Hao Jiang of Michigan State and David . . .
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