01730cas a2200253 a 4500 AALejournalIMF017686 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484310151 1018-5941 BD-DhAAL BD-DhAAL Malik, Sheheryar. On Swing Pricing and Systemic Risk Mitigation / Sheheryar Malik, Peter Lindner. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. This liquidity management tool, which is already used in major jurisdictions, may also help mitigate systemic risk. 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. 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. Mode of access: Internet Lindner, Peter. IMF Working Papers; Working Paper ; No. 2017/159 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/159/001.2017.issue-159-en.xml IMF e-Library