During and after the Asian crisis, institutional investors and pension funds in Asian financial markets have been confronted with a number of difficulties effecting their performance and the way they carry out their role within the national pension system. We analyze these problems by comparing...

This paper analyzes the effects of changes in the Czech exchange rate mechanism on the volatility of the Czech spot exchange rate. While related studies draw the conclusion that exchange rate volatility decreased after the widening of the imposed fluctuation band, the results derived in the...