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Transmission of monetary policy through capital inflows to emerging markets

Olani, Adugna - 2016

In this paper, I examine the effects of advanced economies' conventional monetary policy on gross foreign direct and portfolio investment inflows to emerging economies. I use structural vector autoregressions to analyse and compare the response of each inflow category to world interest rate and...

Persistent link: https://www.econbiz.de/10011583201

Cambodia's Persistent Dollarization: Causes and Policy Options

Menon, Jayant - 2008

apparent paradox between a decade of economic and political improvements and continued dollarization, and drawing policy … host of institutional barriers that need to be overcome to prepare the groundwork for a natural process of de-dollarization. …

Persistent link: https://www.econbiz.de/10010507464

An empirical investigation on dollarization and currency devaluation: A case study of Tanzania

Musoke, Zakia - 2017

preferably USD. This paper's main focus is dollarization and currency devaluation; of which are yet unresolved both theoretically … models to examine the relationship between dollarization and exchange rate. The Autoregressive Conditional Heteroscedasticity … models indicate that dollarization does indeed induce currency depreciation as well as exchange rate volatility. Based on the …

Persistent link: https://www.econbiz.de/10011611158

Systemic sudden stops: The relevance of balance-sheet effects and financial integration

Calvo, Guillermo A.; Izquierdo, Alejandro; Mejía, … - 2008

Using a sample of 110 developed and developing countries for the period 1990-2004, this paper analyzes the characteristics of systemic sudden stops (3S) in capital flows and the relevance of balance-sheet effects in the likelihood of their materialization. A small supply of tradable goods...

Persistent link: https://www.econbiz.de/10010278271

International capital flow pressures and global factors

Goldberg, Linda S.; Krogstrup, Signe - 2023

The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index that combines pressures observed in exchange rate adjustments with model-based estimates of incipient pressures that are masked by foreign exchange interventions and policy rate...

Persistent link: https://www.econbiz.de/10014302773

What lessons have been learnt since the East Asian Crisis in 1997/98? CIBS, capital flows and exchange rates

Pircher, Marion - 2008

This paper discusses the movement of capital flows to and from the exchange rate regimes and monetary policies of China, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and duration of capital flows of the countries on a...

Persistent link: https://www.econbiz.de/10010273459

Managing Capital Flows in Asia: An Overview of Key Issues

Villafuerte, James; Yap, Josef T. - 2015

Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows generate both benefits and costs. The latter are associated with episodes of currency and banking crises like the 1997 Asian financial crisis and the 2008 global financial and...

Persistent link: https://www.econbiz.de/10011432883

Capital Flows and GDP in Emerging Economies and the Role of Global Spillovers

Beckmann, Joscha; Czudaj, Robert - 2017

This paper provides a global analysis of capital flow impacts on GDP for selected emerging economies. As additional control variables, we also include currency reserves and effective exchange rates in our analysis. We distinguish between gross and net capital flows and also assess the impact of...

Persistent link: https://www.econbiz.de/10011739644

Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?

Castrén, Olli - 2004

This paper assesses the contemporaneous, leading and lagging indicator properties of financial market variables relative to movements in six major developed country currency pairs. As indicator variables changes in various relative asset prices, short-term portfolio flows and currency options...

Persistent link: https://www.econbiz.de/10011604425

Capital controls and foreign exchange policy

Fratzscher, Marcel - 2012

The empirical analysis of the paper suggests that an FX policy objective and concerns about an overheating of the domestic economy have been the two main motives for the (re-)introduction and persistence of capital controls over the past decade. Capital controls are strongly associated with...

Persistent link: https://www.econbiz.de/10011605460