Crises, Contagion, and the Closed : End Country Fund Puzzle /

This paper analyzes the behavior of closed-end country fund discounts, including evidence from the Mexican and East Asian crises. We find that the ratio of fund prices to their fundamental value increases dramatically during a crisis, an anomaly that we denote the 'closed-end country fund puzzl...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Levy Yeyati, Eduardo
Awduron Eraill: Ubide, Angel
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 1998.
Cyfres:IMF Working Papers; Working Paper ; No. 1998/143
Mynediad Ar-lein:Full text available on IMF