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| Author: | Levy-Yeyati, E. Ubide, A. |
| Title: | Crises, contagion, and the closed-end country fund puzzle |
| Journal: | IMF Staff papers
2000 : VOL. 47:1, p. 54-89 |
| Index terms: | Economic conditions Crises Mexico East Asia |
| Language: | eng |
| Abstract: | This paper analyzes the behaviour of closed-end country fund discounts, including evidence from the Mexican and East Asian crises. It finds that the ratio of fund prices to their fundamental value increases dramatically during a crisis, an anomaly that is denoted the "closed-end country fund puzzle". |
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