Institutional Investors and Asset Pricing in Emerging Markets /
This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world's major stock markets were unmoved. This phenomenon can be explained if investors follow a two-step portfolio alloc...
| Autor principal: | |
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Colección: | IMF Working Papers; Working Paper ;
No. 1996/002 |
| Acceso en línea: | Full text available on IMF |