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dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.available2013-03-20T13:14:36Z
dc.date.issued2010-07-15
dc.identifier.urihttp://hdl.handle.net/10784/651
dc.descriptionStudying Foreign flows and the liquidity of six Asian markets we provide evidence of two empirical regularities: On the one hand, foreign trade has a negative but transitory impact on the overall liquidity of the market on a daily basis. This finding is shown consistent with two hypotheses: that foreign investors demand liquidity more aggressively than locals, and, to a lesser extent, that foreigners incorporate market-wide information. On the other hand, the overall share of foreign ownership in the market is positively related to improved liquidity, as shown in a sample of emerging markets, after controlling for a set of confounding factors. Overall, the results portray foreign investors as aggressive liquidity demanding, and nevertheless having a positive effect on the liquidity in short horizonseng
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleFriend or Foe? Foreign investors and the liquidity of six Asian marketseng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPaper
dc.rights.accessRightsopenAccesseng
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.type.spaDocumento de trabajo de investigaciónspa
dc.subject.keywordForeing investorseng
dc.subject.keywordAsian marketseng
dc.subject.keywordLiquidityeng
dc.subject.keywordEmergingeng
dc.rights.accesoLibre accesospa
dc.date.accessioned2013-03-20T13:14:36Z
dc.type.hasVersiondrafteng
dc.creator.emaildagudelo@eafit.edu.cospa
dc.contributor.authorAgudelo, Diego A.spa


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