Series: IMF Working Papers
Author(s): Sheheryar Malik , and Peter Lindner
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 July 2017
Keywords: Financial crises, Liquidity management; Mutual funds; Redemptions; Systemic risk; Swing pricing, Liquidity management, Mutual funds, Redemptions, Systemic risk, Swing pricing, Model Construction and Estimation, Quantitative Policy Modeling
Swing pricing allows a fund manager to transfer to redeeming or subscribing investors the costs associated with their trading activity, thus potentially discouraging large flows. This liquidity management tool, whi...