The Problems of Correlation in the Financial Risk Management – the Contribution of Microfinance

Karel Janda and Barbora Svárovská

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we first introduce microfinance institutions as an alternative investment instrument. We argue that beside socially responsible features of microfinance, there exists also significant portfolio enhancement opportunity in microfinance investments. Then we provide an overview of possible ways how to evaluate the correlation between microfinance related financial instruments and conventional financial market measures of risk and return.

Keywords: Microfinance; Investment; Funds (search for similar items in EconPapers)
JEL-codes: G11 G21 (search for similar items in EconPapers)
Date: 2009-12-21
New Economics Papers: this item is included in nep-cfn, nep-mfd and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19486

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