Język Polski
English
Published
:
2011-08-30
Domestic Money Market Funds during the Credit Crunch
Jacek M. Kowalski
Abstract
In May 2010, the Committee for European Securities Regulators (CESR) proposed a two-tiered system of money market funds, with a distinction into Short-Term Money Market Funds and Money Market Funds to eliminate the confusion surrounding the use of the term "money market fund". A common definition, including a conception of risk measure (with no benchmark), has to provide a more profound understanding of the distinction between funds which operate in a very restricted fashion (fundusze rynku pieniężnego) and those which follow an enhanced approach (fundusze pieniężne lub gotówkowe). The main goal of this paper is to clarify the implications of investing in the Polish money market funds, on the basis of the CESR's synthetic risk and reward indicator.(original abstract)Keywords:
Money market, Financial risk, Investment, Financial marketsMost read articles by the same author(s)
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Kowalski, J. M. (2011). Domestic Money Market Funds during the Credit Crunch. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 35. Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1436