کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10477559 | 930414 | 2005 | 18 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Predicting currency fluctuations and crises: Do resident firms have an informational advantage?
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
This paper investigates whether resident enterprises' managers have an informational advantage about the countries where they work. We test this informational advantage hypothesis by using a unique dataset, the Global Competitiveness Survey. The findings suggest that local managers do have valuable information about the country where they reside. Local managers' responses improve conventional estimates of future volatility and changes in the exchange rate, which are based on economic fundamentals. These findings provide support to the theories that claim that asymmetric information is present in international financial markets and is important to understand financial crises.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 24, Issue 6, October 2005, Pages 1012-1029
Journal: Journal of International Money and Finance - Volume 24, Issue 6, October 2005, Pages 1012-1029
نویسندگان
Daniel Kaufmann, Gil Mehrez, Sergio L. Schmukler,