Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161470
Authors: 
Aizenman, Joshua
Jinjarak, Yothin
Zheng, Huanhuan
Year of Publication: 
2016
Series/Report no.: 
ADBI Working Paper Series 594
Abstract: 
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.
Subjects: 
systemic risk contribution
systemic risk
mutual funds
international mutual funds
global financial system
JEL: 
E44
F3
G15
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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