Regulatory Lessons from the Crisis of Costa Rica's Mutual Fund Industry /

In 2004, the mutual fund industry of Costa Rica experienced a massive run by investors that reduced the industry to half its size in a month. This paper explores how weaknesses in the regulatory framework played a role in the crisis and draws lessons for developing countries. The analysis of events...

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Bibliographic Details
Main Author: Carvajal, Ana
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/288
Online Access:Full text available on IMF