| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5069444 | Finance Research Letters | 2016 | 10 Pages |
Abstract
We investigate how investors trading in financial and real sectors of a stock market react to IMF announcements during abnormal times, such as a financial crisis. To do so, we examine the impact of IMF-program and negotiation news on financial and real stock sectors in Indonesia, Korea and Thailand during the Asian crisis using time-varying models. The results indicate that IMF actions affect sector returns differently suggesting different wealth effects of IMF programs on investor wealth.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ali M. Kutan, Yaz G. MuradoÄlu,