A Panic-Prone Pack? : The Behavior of Emerging Market Mutual Funds /

This paper explores the behavior of emerging market mutual funds using a novel database covering the holdings of individual funds over the period January 1996 to March 1999. An examination of individual crises shows that, on average, funds withdrew money one month prior to the events. The degree of...

Full description

Bibliographic Details
Main Author: Gelos, R.
Other Authors: Borensztein, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/198
Online Access:Full text available on IMF