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Headline: Taiwan: Intervention fund stretches banks Source: Euromoney Date: June 2000 Author: Dominic Jones In order to combat the Taiwan stock market’s infamous volatility, officials in Taipei have come up with the idea of a National Stabilization Fund (NSF), whose job it is to intervene selectively and dampen down sharp stock market falls. The intervention of government funds in the Taiwan equity market is not new, but what makes the NSF noteworthy is its size. The amount of capital set aside for the fund currently stands at NT$500 billion ($16 billion). |
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