Regulating asset managers (C04)

• Subject Area: Economic Policy, Applied Economics
• Term: from 2018 to 2022
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 326731373

We take an empirical law-and-finance perspective on an important class of shadow banking activity: asset management. We ask what the observed shift of business to asset management implies for financial stability. More specifically, we investigate whether asset managers substitute for banks in providing liquidity to financial markets. We focus on hedge funds, money market funds and plain-vanilla bond mutual funds, and we pay particularly close attention to the institutional and regulatory details.

• DFG Programme: CRC/Transregios
• Subproject of: TRR 224: Economic Perspectives on Societal Challenges: Equality of Opportunity, Market Regulation, and Financial Stability
• Applicant Institution: Rheinische Friedrich-Wilhelms-Universität Bonn
• Project Heads: Professor Dr. Andreas Engert; Professorin Dr. Isabel Schnabel