Measuring systemic risk contribution of international mutual Funds

Joshua Aizenman, Yothin Jinjarak, and Huanhuan Zheng

This study provides new evidence of systemic risk contribution in the international mutual fund sector from 2000 - 2011. The empirical analysis tracks the systemic risk of 10,570 mutual funds investing internationally. The main findings suggest that the systemic risk contributions of international mutual funds are more than proportional given the fund's size. Policy implications are discussed in terms of practicality of regulation, macroprudential approach, and risk-taking behavior of fund managers.

MoreLess

Year of publication:	[2016]
Authors:	Aizenman, Joshua ; Jinjarak, Yothin ; Zheng, Huanhuan
Publisher:	Tokyo, Japan : Asian Development Bank Institute
Subject:	systemic risk contribution \| systemic risk \| mutual funds \| international mutual funds \| global financial system \| Investmentfonds \| Investment Fund \| Systemrisiko \| Systemic risk \| Kapitalmobilität \| Capital mobility \| Internationaler Finanzmarkt \| International financial market \| Welt \| World

freely available

Full text |

More access options

www.adb.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 16 Seiten) Illustrationen
Series:	Working papers / ADB Institute. - Tokyo : [Verlag nicht ermittelbar], ZDB-ID 2488506-X. - Vol. no. 594 (September 2016)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/161470 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; F3 - International Finance ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011549083