We contrast the interventions conducted by the Federal Reserve in response to the
subprime and COVID–19 crises with respect to their effectiveness in reducing disaster risk …

Purpose–The purpose of this paper is to provide a brief review of three strands of the
literature on exchange‐traded funds. Design/methodology/approach–The paper starts with a …

The prices of exchange-traded funds (ETFs) can deviate significantly from their net asset
values (NAVs), in spite of the arbitrage mechanism that allows authorized participants to …

In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan
examines the quiet transformation of asset management through the rise of passive or index …

We estimate tracking errors from 26 exchange-traded funds (ETFs) utilizing three different
methods and test their relative performance using Jensen's model. We find that tracking …

Non-fundamental demand shocks have significant effects on asset prices, but observing
these shocks is challenging. We use the exchange-traded fund (ETF) primary market to …

Full coverage of ETF investments from an expert in the field The initial edition of Gary
Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and …

Exchange-traded funds (ETFs) have grown substantially in diversity, market significance,
and size in recent years. As a consequence, there is increased interest by practitioners in …

We study whether exchange traded funds (ETFs)—an asset of increasing importance—
impact the volatility of their underlying stocks. Using identification strategies based on the …

One of the most spectacular successes in financial innovation since the advent of financial
futures is probably the creation of exchange traded funds (ETFs). As index funds, they aim at …