id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-347	Manasfi, Julie A.D.	The Global Shadow Bank–Systematic Risk and Tax Policy Objectives: The Uncertain Case of Foreign Hedge Fund Lending to U.S. Borrowers and Transacting in U.S. Debt Securities	2022	40	.pdf	application/pdf	18120	783	52	(To determine who bears market risk, we could consider whether during that seasoning period there are any equalizing trades between U.S. funds and foreign funds, and at the end of the seasoning period is the purchase price based on the FMV at the time of the original loan or at the end of the seasoning period. In order to analyze these uncertainties and their potential effects in more detail, I will concentrate on financial innovation in the hedge fund industry, focusing on transactions in which foreign hedge funds lend money into the U.S., either directly to U.S. borrowers or by purchasing debt securities.	cache/ftr-347.pdf	txt/ftr-347.txt