Devaluation Expectations and the Stock Market: The Case of Mexico in 1994/1995
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| 100 | 1 | |a Becker, Törbjörn I. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Devaluation Expectations and the Stock Market |b The Case of Mexico in 1994/1995 |c Becker, Törbjörn I |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2000 | |
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| 490 | 0 | |a IMF Working Papers |v Working Paper No. 00/28 | |
| 520 | 3 | |a Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the market beginning in late 1993. Although interest rates fail to show a clear confidence loss in the exchange rate regime, the relative performance of net exporters suggests that expectations of devaluation increased continuously. The methodology presented is relevant beyond the Mexican case: sectoral differences in stock market performance may constitute valuable leading indicators of exchange rate changes in emerging markets | |
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Datensatz im Suchindex
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| author | Becker, Törbjörn I. |
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| id | DE-604.BV048348882 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:16Z |
| institution | BVB |
| isbn | 1451844654 9781451844658 |
| language | English |
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| physical | 1 Online-Ressource (42 p) |
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| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Becker, Törbjörn I. Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 |
| title | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 |
| title_auth | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 |
| title_exact_search | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 |
| title_full | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 Becker, Törbjörn I |
| title_fullStr | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 Becker, Törbjörn I |
| title_full_unstemmed | Devaluation Expectations and the Stock Market The Case of Mexico in 1994/1995 Becker, Törbjörn I |
| title_short | Devaluation Expectations and the Stock Market |
| title_sort | devaluation expectations and the stock market the case of mexico in 1994 1995 |
| title_sub | The Case of Mexico in 1994/1995 |
| url | http://elibrary.imf.org/view/IMF001/01704-9781451844658/01704-9781451844658/01704-9781451844658.xml |
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