Chen, Ming-Hsiang; Chen, Su-Jane; Liao, Chao-Ning; Lin, … - In: Emerging Markets Finance and Trade 44 (2008) 2, pp. 100-116
This study examines the performance of mutual funds under different Central Bank of China monetary policy environments in the emerging Taiwan market. To measure monetary policy changes effectively, we exploit changes in the discount rate and further categorize the monetary environment as either...