Kutan, Ali M.; Muradoglu, Gulnur - In: International Review of Financial Analysis 33 (2014) C, pp. 130-137
This study further investigates the impact of IMF actions on stock markets during the Asian crisis. Extending two … of IMF actions and programs on both financial and real sector returns in the stock markets of Thailand, Indonesia, and … across sectors and contemporaneous dependence of the disturbances. The findings indicate that IMF actions regarding liquidity …