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Exchange Rate Expectations, Currency Crises, and the Pricing of American Depositary Receipts

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Figure

Figure II.1: Average ADR and H-share discounts of Chinese cross-listed companies
Figure III.1: ADR shadow exchange rate and official exchange rate Argentina (2001-2002)
Figure III.2: ADR shadow exchange rate and official exchange rate Malaysia (1998-1999)
Figure III.3: ADR shadow exchange rate and official exchange rate Venezuela (1994-1996)
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