Valorización de Fondos Mutuos Monetarios y su Impacto sobre Estabilidad Financiera
AbstractIn the last ten years the Chilean mutual fund industry has multiplied its assets around fivefold. In particular, money market funds have become important players in the financial sector as investors in time deposits as well as intermediating funds of the corporate sector. Given the importance of this industry, the methodology for valuating money market funds could play an important role in the functioning of the money market. In this vein, this paper presents evidence about the revaluation of the money market funds in Chile in the last several years and presents a framework to analyze the possible effects of introducing objective threshold levels that trigger revaluations of a mutual fund.
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Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 622.
Date of creation: Feb 2011
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-18 (All new papers)
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