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ETFs, Illiquid Assets, and Fire Sales

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by John J. Shim and Karamfil Todorov
We document several novel facts about exchange-traded funds (ETFs) holding corporate bonds.

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ETFs, Illiquid Assets, and Fire Sales

by John J. Shim and Karamfil TodorovWe document several novel facts about exchange-traded funds (ETFs) holding corporate bonds.