Hedge Funds and Financial Market Dynamics

Anne Jansen, Donald Mathieson, Barry Eichengreen, Laura Kodres, Bankim Chadha and Sunil Sharma ()

No 1998/009, IMF Occasional Papers from International Monetary Fund

Abstract: Hedge funds are collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes. Their legal status places few restrictions on their portfolios and transactions, leaving their managers free to use short sales, derivative securities, and leverage to raise returns and cushion risk. This paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.

Keywords: OP; hedge fund manager; hedge fund operation; investment vehicle; market; market transparency; market integrity; role of hedge funds; Hedge funds; Mutual funds; Securities; Stocks; Arbitrage; Global; Eastern Europe; Caribbean; East Asia; Southeast Asia (search for similar items in EconPapers)
Pages: 80
Date: 1998-05-15
References: Add references at CitEc
Citations: View citations in EconPapers (55)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2597 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfops:1998/009

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Occasional Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().