effectiveness of redemption restrictions from a financial stability perspective. First, I find that redemption restrictions reduced …. Second, I find that funds with higher redemption restrictions engaged less in procyclical cash hoarding during the COVID-19 … crisis period, even after controlling for the size of their outflows. Third, I find that redemption restrictions do not have …

effectiveness of redemption restrictions. First, I find that redemption restrictions reduced outflows during the March 2020 market … higher redemption restrictions engaged less in procyclical cash hoarding during the COVID-19 crisis period, even after … controlling for the size of their outflows. Third, I find that redemption restrictions do not have a significant impact on the …

effectiveness of redemption restrictions. First, I find that redemption restrictions reduced outflows during the March 2020 market … higher redemption restrictions engaged less in procyclical cash hoarding during the COVID-19 crisis period, even after … controlling for the size of their outflows. Third, I find that redemption restrictions do not have a significant impact on the …