![]() ![]() Drawing on evidence of first-mover advantage within a group of ‘swinging’ corporate bond funds, we provide policy considerations for enhancing the tool’s effectiveness as a systemic risk mitigant. TablePlus is a complex, yet highly intuitive, cross-platform database management GUI tool. Here we develop and apply a methodology to investigate whether swing pricing does in fact help dampen flows out of funds, especially during periods of market stress. ![]() This liquidity management tool, which is already used in major jurisdictions, may also help mitigate systemic risk. Modern, native, and friendly GUI tool for relational databases: MySQL, PostgreSQL and more. 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. TablePlus 5.7 175.72 MB Database Management made easy. Modern, native, and friendly GUI tool for relational databases: MySQL, PostgreSQL and more. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. ![]() Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. ![]()
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