Garcia-Herrero, Alicia; Gyntelberg, Jacob; Tesei, Andrea - BBVA Research, Grupo BBVA - 2009
In this paper we investigate whether cross-sectional information: from local equity markets contained information on … devaluation expectations during the Asian crisis. We concentrate on the information content of equity prices as these markets were … in general the largest and most liquid at the time and, thus, presumably the best carriers of information. Using an event …