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World Market of Investment Funds - Developments and Trends

Author

Listed:
  • Flavia Barna

    (West University of Timişoara, Romania)

  • Dan-Constantin Dănuleţiu

    (“1 Decembrie 1918” University of Alba-Iulia, Romania)

  • Petru-Ovidiu Mura

    (West University of Timişoara, Romania)

Abstract

Institutional investors - including mutual funds, pension funds, hedge funds, and insurance companies - are a growing force in developed capital markets. We are in an environment in which investors, regulators and legislators have a dramatically reduced tolerance for risk. Rules and regulations can provide additional investor protections, but can also reduce market efficiency at a great cost to borrowers and investors alike. Finding the right balance is the challenge, and is one that necessitates a wide-ranging discussion of proposals on the table. Our role as economists and researchers is to engage in this discussion on behalf of funds and their investors.

Suggested Citation

  • Flavia Barna & Dan-Constantin Dănuleţiu & Petru-Ovidiu Mura, 2009. "World Market of Investment Funds - Developments and Trends," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(3), pages 41-52.
    • Handle: RePEc:pet:annals:v:9:i:3:y:2009:p:41-52
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    References listed on IDEAS

    as
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    3. Jacoby, Gady & Fowler, David J. & Gottesman, Aron A., 2000. "The capital asset pricing model and the liquidity effect: A theoretical approach," Journal of Financial Markets, Elsevier, vol. 3(1), pages 69-81, February.
    4. Tarun Chordia & Asani Sarkar & Avanidhar Subrahmanyam, 2001. "Common determinants of bond and stock market liquidity: the impact of financial crises, monetary policy, and mutual fund flows," Staff Reports 141, Federal Reserve Bank of New York.
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