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In this essay, I analyze Salvador Allende's economic policies in Chile during the early 1970s. I argue that the explosion of inflation during his administration (above 1,500% on a six-month annualized measure) was predictable, and that the government's response to it, through massive and strict...
Persistent link: https://www.econbiz.de/10014437020
come back sooner than expected. The role of China as one of the major food consumers in the future, and Brazil, as the … major food chain cooperation between China and Brazil. …
Persistent link: https://www.econbiz.de/10008487443
We examine investors’ mutual fund selection ability in China. Using actively managed equity mutual funds between 2005 … significantly. The findings are robust to several risk-adjusted performance measures. The unique data of China provide separate …, especially for the protection of individual investors regarding mutual fund investing in China. In addition, we show that it is …
Persistent link: https://www.econbiz.de/10011117738
location. Our findings have broader implications for entrepreneurial finance in China. Policy suggestions are offered for …
Persistent link: https://www.econbiz.de/10011117754
in China. We address this issue by using copula functions that allow for measuring both average and tail dependence. Our …
Persistent link: https://www.econbiz.de/10011117800
We study whether local credit ratings alleviate information asymmetry inherent in the fast growing Chinese market by examining the syndicate structure of loans issued by Chinese borrowers in 2003–2011. Despite the common criticism regarding the quality of Chinese credit ratings, our results...
Persistent link: https://www.econbiz.de/10011118135
This paper investigates stock analysts’ earnings forecasts under complex corporate ownership in China. Based on a …
Persistent link: https://www.econbiz.de/10011208440
individual investors and their speculative trading behaviors in China. Miller's prediction is confirmed when divergence of …
Persistent link: https://www.econbiz.de/10010729585
Motivated by the shortcomings of earlier Chinese efficiency studies, the present paper re-examines the weak-form efficiency of Shanghai and Shenzhen Stock Exchanges. Specifically, our adopted methodologies mitigate the confounding effect of thin trading on return autocorrelation, detect both...
Persistent link: https://www.econbiz.de/10010772789
This paper takes a new approach to investigate the interaction between the U.S. and China's stock markets. Since the U ….S. and China's stock markets have no overlap in their trading hours, many empirical studies show that the daily returns on … to forecast the direction of the openings of the SSEC and SZCI, two benchmark indexes in the China's stock market, and …
Persistent link: https://www.econbiz.de/10010784960