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So last decade

Newfound fears of investor panic can be soothed

Federal Reserve Bank  |  Real Estate  |  Federal Reserve

Antony Currie 

Antony Currie There's a growing risk that credit woes spark bank-like runs on bond mutual funds. That's the message from the latest in a series of studies from the Federal Reserve Bank of New York on how market liquidity has changed since the crisis. In two investigations published on Friday, the regional central bank's wonks lay out a scenario that shows how fire sales caused by problems at some funds could lead to broader losses than a decade ago. Some will blame new regulations that have curtailed the ability of investment banks to act as middlemen. It's a weak argument, though, and ...

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First Published: Sun, February 21 2016. 21:31 IST