Measuring Systemic Risk Contribution of International Mutal Funds
Aizenman, Joshua; Jinjarak, Yothin; Zheng, Huanhuan | September 2016
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.
CitationAizenman, Joshua; Jinjarak, Yothin; Zheng, Huanhuan. 2016. Measuring Systemic Risk Contribution of International Mutal Funds. © Asian Development Bank Institute. http://hdl.handle.net/11540/6652.
International Financial Market
Multilateral Financial Institutions
Gross domestic product
Financial Management System
Capital Market Development
Public Financial Management
Multilateral development banks
Economic development projects
Economic forecastingShow allCollapse