Hedge Funds and Financial Market Dynamics
( Occasional Papers )
Publication series ： Occasional Papers
Author： Anne Jansen Mr. Donald J. Mathieson Mr. Barry J. Eichengreen Ms. Laura E. Kodres Mr. Bankim Chadha Mr. Sunil Sharma
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1998
E-ISBN: 9781452792392
P-ISBN(Paperback): 9781557757364
Subject： F830.9 金融市场
Language： ENG
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Description
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.