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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Hlavní autor: Becker, Torbjorn
Další autoři: Gelos, R., Richards, Anthony
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2000.
Edice:IMF Working Papers; Working Paper ; No. 2000/028
On-line přístup:Full text available on IMF