Devaluation Expectations and the Stock Market : The Case of Mexico in 1994/95 /

Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the market...

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Detalles Bibliográficos
Autor principal: Becker, Torbjorn
Otros Autores: Gelos, R., Richards, Anthony
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2000.
Colección:IMF Working Papers; Working Paper ; No. 2000/028
Acceso en línea:Full text available on IMF