Jain, Ravi (contributor); Xia, Yihong (contributor); … - 2004
markets and exogenous liquidity shock, the closed-end country fund
premium is negatively affected by the illiquidity in the … where the underlying assets
are traded. To the extent that expected and unexpected liquidity affects asset prices and … binding. These funds
are also more sensitive to the systematic liquidity factor, suggesting that the country fund premium
may …