Category Archives: Market liquidity

Safe Until They Aren’t? Investigating Liquidity Illusions in the Exchange Traded Fund Market

By | December 6, 2018

Since the 2008 global financial crisis (GFC) exchange traded funds (ETFs) have experienced remarkable growth.[1] A recent Bloomberg report pegs the worldwide ETF market at over $5.3 trillion (up from $700 billion pre-GFC) with the U.S. accounting for nearly 70 percent of its size.[2] The number of available products has grown exponentially.[3] Product variety seems… Read More »

Effects of Regulatory Reform on Growth

By | October 5, 2016

After delivering a speech at a conference in Atlanta during the summer of 2011, then Federal Reserve Chairman Ben Bernanke received a pointed question from JP Morgan Chase CEO Jamie Dimon, who after listing several new post-crisis banking regulations, asked the Chairman: “Has anyone bothered to study the cumulative effect of all these things, and… Read More »