Research on the Liquidity Risk Management of Open-end Fund

摘要：

Liquidity risk of open-end fund come from the free redemption system of fund share. In exceptional circumstances, increase of liquidity risk of the fund will lead to disastrous liquidity crisis.This paper establishes the mathematical model which reveals the formation mechanism and influencing factors of liquidity risk of the open-end fund. At same time and the countermeasures from the improvement of the market trading system and strengthen the internal mobility management of fund.

关键词： Open-end funds Liquidity risk redemption Financial derivative products hedging

作者: WANG Xiaoyun ZHANG Ruiyang

作者单位: School of Economics and Management,Shenyang Ligong University,Shenyang,110168,China

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 670-675

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）