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...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
1998.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1998/143 |
| Accesso online: | Full text available on IMF |