How Long to Read Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts

How Long Does it Take to Read Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts?

It takes the average reader and 30 minutes to read Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts by Mr.Charles Frederick Kramer

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper argues that recent movements in closed-end emerging markets funds present a strong challenge to the leading explanations of the behavior of closed-end country fund prices. In particular, closed-end funds dedicated to Mexico and other Latin American stock markets developed large premia after the December 1994 devaluation of the Mexican peso and the subsequent financial crisis. The so-called “investor sentiment hypothesis” could explain these events only by suggesting that investors became very optimistic about emerging markets stocks, and especially Mexican stocks; this possibility seems unlikely given the facts surrounding the devaluation. We argue instead that a sensible explanation for recent dynamics of closed-end country funds is that investors in these funds are loss-averse, implying that they do not want to realize paper losses on their closed-end fund shares. This works to put a drag on the downward movement in closed-end fund prices.

How long is Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts?

Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts by Mr.Charles Frederick Kramer is 30 pages long, and a total of 7,500 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts aloud.

What Reading Level is Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts?

Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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