Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts : Renewing the Puzzle of the Pricing of Closed-End Mutual Funds /

This paper argues that recent movements in closed-end emerging markets funds present a strong challenge to the leading explanations of the behavior of closed-end country fund prices. In particular, closed-end funds dedicated to Mexico and other Latin American stock markets developed large premia aft...

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Bibliographic Details
Main Author: Kramer, Charles
Other Authors: Smith, T.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/068
Online Access:Full text available on IMF