教師資料查詢 | 類別: 會議論文 | 教師: 鍾惠民 HUIMIN CHUNG (瀏覽個人網頁)

標題:Contagious Effects during the Asian Financial CrisisSome Evidence from ADR and Country Funds
學年90
學期1
發表日期2001/12/15
作品名稱Contagious Effects during the Asian Financial CrisisSome Evidence from ADR and Country Funds
作品名稱(其他語言)
著者Chung, Huimin
作品所屬單位淡江大學財務金融學系
出版者
會議名稱第10屆證券暨金融市場理論與實務研討會
會議地點高雄, 臺灣
摘要This paper investigates the impact of exchange-rate changes of Thailand baht on prices, trading activity, and liquidity of the ADR and country funds listed in NYSE and Nasdaq during the Asian crisis. Our results demonstrate that there are contagious effects of baht exchange rate changes on returns of Asian and East Europe ADR and country funds. Contagious effects on volatility of Asian ADR and country funds are observed. There is evidence that Thailand baht depreciation triggers a sell-off of Asian country funds, showing investors’ loss of confidence of Asian securities during the Asian crisis. However, there is no evidence that baht depreciation triggers a sell-off of non-Asian ADR and country funds.
關鍵字Contagious effect;Asian financial crisis;ADR;Country fund
語言英文
收錄於
會議性質國內
校內研討會地點
研討會時間20011215~20011215
通訊作者
國別中華民國
公開徵稿Y
出版型式紙本
出處第10屆證券暨金融市場理論與實務研討會論文集30頁
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!