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finance literature has in some respects not kept pace with world trends. Most empirical studies fail to take due account of … the diversity of assets offered by countries around the world, the diversity of locales in which investors live, and the …
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: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization …
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: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization … role of time and location around the world in stock trading, and the behavior of country funds. Other, long …
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Closed-end country funds trade in New York at their price. Their Net Asset Value (NAV) represent the value of the underlying assets, usually traded in each particular country. If the holders of the underlying assets have more information about local assets than the country fund holders, changes...
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