Resource title

Rethinking emerging markets

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This paper examines the impact of the Mexican financial crisis of late 1994 and early 1995 on global investors as well as on authorities in host countries.The impact of the crisis on global emerging market stock returns, inter-market correlations and efficient portfolios are considered in terms of the dynamics of the crisis-impact under conditions of market illiquidity and the absence of emerging market equity derivatives. Similarly, suggestions are provided to emerging market governments as to how cross-border portfolio equity flows should appropriately fit into the development of local capital markets in the light of lessons learned from the crisis

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/Inseadwp1995/95-64.pdf

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Copyright INSEAD. All rights reserved