Departmental Papers Volume 2021 Issue 018: Investment Funds and Financial Stability: Policy Considerations (2021)

Investment Funds and Financial Stability: Policy Considerations

Author:

Antonio Garcia Pascual

0000000404811396

https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Ranjit Singh

Mr. Ranjit Singh
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, and

Jay Surti

0000000404811396

https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:: Departmental Papers

Volume/Issue:: Volume 2021: Issue 018

Publication Date:: 17 Sep 2021

DOI:: https://doi.org/10.5089/9781513593951.087

ISBN:: 9781513593951

ISSN:: 2616-5333

Pages:: 73

Keywords:: March 2020 market turmoil, money market funds, open-end funds, liquidity risk management, regulatory reform, cross-border flows, shock amplification.; market illiquidity; emergency liquidity support; market frictions confronting OEFs; investor incentive; Treasury market; emerging market securities; OEF liquidity risk management; Mutual funds; Liquidity; Financial sector stability; Asset management; Emerging and frontier financial markets; Global

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: Departmental Papers

Volume/Issue:: Volume 2021: Issue 018

Language:: English

Publication Date:: 17 Sep 2021

DOI:: https://doi.org/10.5089/9781513593951.087

ISBN:: 9781513593951

ISSN:: 2616-5333

Pages:: 73

Keywords:: March 2020 market turmoil, money market funds, open-end funds, liquidity risk management, regulatory reform, cross-border flows, shock amplification.; market illiquidity; emergency liquidity support; market frictions confronting OEFs; investor incentive; Treasury market; emerging market securities; OEF liquidity risk management; Mutual funds; Liquidity; Financial sector stability; Asset management; Emerging and frontier financial markets; Global

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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The paper’s analysis underscores the importance of the ongoing Financial Stability Board-led process of identifying policy options, involving national authorities and the International Organization of Securities Commissions and other standard setters. In this context, the global nature of the investment fund business and fungibility of financial flows makes it vital to ensure consistency of global policy choices that can secure financial stability by precluding regulatory arbitrage.

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Departmental Papers

ISSN:: 2616-5333

Publisher:: International Monetary Fund

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