The authors theoretically analyze country funds, focusing on emerging economies in which capital markets are not readily accessible to outside investors. They study country-fund pricing and the associated policy implications under alternative variations on segmentation of international markets. They show that country funds traded in the developed capital markets can help promote the efficiency of pricing in the emerging capital markets and can enhance...
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INFORMATION
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1992/12/31
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Document de travail de recherche sur les politiques
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WPS1058
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1
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1
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2010/07/01
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The pricing of country funds and their role in capital mobilization for emerging economies
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offering price
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