The fate of China’s Evergrande, the second-largest developer in China by sales, continues to grip the international markets, with fears the debt crisis being faced by the heavily indebted housing developer will not only have knock on repercussions for China’s real estate sector – which, with its related industries accounts for as much as 30% of Chinese GDP – but also trigger a string of both domestic and international defaults, in what doomsayers have warned could well be another Lehman moment for financial markets.
EPFR Papers: Estimating asymmetric price impact
This paper studies the asymmetric price impacts mutual fund and ETF flows have on individual stocks in demand-based asset pricing.
