Reducing the Poor's Investment Risk: Introducing Bearer Money Market Mutual Shares

Robert Wright ()
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Robert Wright: Augustana College SD, Postal: Division of Social Sciences, Augustana College, 2001 South Summit Ave., Sioux Falls, SD 57197, ,, http://faculty.augie.edu/~rwright/

Journal of Financial Transformation, 2009, vol. 25, 12-14

Abstract: The article proposes the creation of a new type of financial instrument, bearer money market mutual fund shares, designed to appeal to savers in less developed countries by protecting them from exchange rate risk.

Keywords: microfinance; financial innovation; bearer mutual shares; exchange rate risk; money (search for similar items in EconPapers)
JEL-codes: F31 G11 G15 G21 O10 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:0829

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