It has been suggested that Mexican investors were the front-runners in the peso crisis of December 1994, turning pessimistic before international investors. Different expectations about their own economy, perhaps due to asymmetric information, prompted Mexican investors to be the first ones to...

Data on country funds support the hypothesis of asymmetric information: that the holders of underlying assets have more information about local assets than the country fund holders do.Using data on country funds, Frankel and Schmukler study how differential access to information affects...

It has been suggested that Mexican investors were the quot;front-runnersquot; in the peso crisis of December 1994, turning pessimistic before international investors. Different expectations about their own economy, perhaps due to asymmetric information, prompted Mexican investors to be the first...