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As half the funds' assets are in government debt, the state can cut its borrowing ratio.
"People often switch between money market and equity funds assets," said Professor Rouwenhorst.
Since last May, these funds' assets under management have dwindled to $964 billion from $1.4 trillion.
A requirement for an independent valuation of funds' assets has been dropped.
They now lend about $240 billion to French banks, or 14.8 percent of the funds' assets, according to Fitch Ratings.
Mr Jen reckons about 40% of the funds' assets will be in dollars, compared with 60% of their countries' reserves.
Investment Accounting focuses on true endowments, funds functioning as endowments, split interest agreements, endowment and similar funds assets, and liabilities.
At the end of 2002, all of these costs totaled 0.99percentt of the funds' assets, according to Morningstar Inc.
The last year when funds had annual outflows was 1988, when shareholders cashed in 8percentt of funds' assets.
Mr. Cuomo's proposed changes are highly technical and involve actuarial tables and the projected interest earnings of the funds' assets.
For taxable funds, assets increased by $475 million in the week, to $400.9 billion, a new high.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com