Market Segmentation, Liquidity Spillover, and Closed-End Country Fund Discounts
In a segmented international capital market, the illiquidity of a country fund in the market in which its shares are traded affects only the share price of the fund (S), while the illiquidity of its underlying assets in the market in which these are traded affects only the fund net asset value (NAV)...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2008
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/1387 https://ink.library.smu.edu.sg/context/lkcsb_research/article/2386/viewcontent/jfm_112008.pdf |
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| Institution: | Singapore Management University |
| Language: | English |