Kohlscheen, E.; Taylor, M. P. - In: International Journal of Finance & Economics 13 (2008) 4, pp. 323-332
We analyse the network of bilateral liquidity swaps (BSAs) among the ASEAN+3 countries. We find that the network has taken the correlation of capital flows in the region into account, in the sense that countries with lower correlation of reserve growth have engaged in larger BSAs. All else...
