The Resource Managerial incentives and financial contagion, prepared by Sujit Chakravorti and Subir Lall

Managerial incentives and financial contagion, prepared by Sujit Chakravorti and Subir Lall

Label
Managerial incentives and financial contagion
Title
Managerial incentives and financial contagion
Statement of responsibility
prepared by Sujit Chakravorti and Subir Lall
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamentals, as an outcome of optimal portfolio strategies by fund managers. In emerging markets, dedicated managers outperforming a benchmark index and global managers maximizing absolute returns lead to systematic interactions between asset prices, without asymmetric information. The model determines optimal portfolio weights, the incidence of relative value strategies, and the systematic deviation of prices from fundamentals with limits to arbitraging this differential. Managerial compensation contracts, optimal at the firm level, may lead to inefficiencies at the macroeconomic level. Conditions are identified when shocks in one emerging market affect others
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
338.542
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/199
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/199
Label
Managerial incentives and financial contagion, prepared by Sujit Chakravorti and Subir Lall
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (page 33)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646871973
Dimensions
unknown
Extent
1 online resource (36 pages)
File format
one file format
Form of item
online
Isbn
9781451905502
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b3716238x
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646871973
  • imf1282051148
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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