Private information, capital flows, and exchange rates:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Series: | IMF working paper
WP/12/213 |
| Subjects: | |
| Online Access: | FAW01 FAW02 FLA01 |
| Item Description: | Title from PDF title page (IMF Web site, viewed Aug. 30, 2012). - "Institute for Capacity Development.". - "September 2012." We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign investors' transactions in government bond markets do not. We relate these differences in the price impact of capital flows to differences in the amounts of private information conveyed by these flows. Our empirical findings are based on novel, daily-frequency datasets on prices and quantities of all transactions of foreign investors in the stock, bond, and onshore FX markets of Thailand Includes bibliographical references |
| Physical Description: | 29 pages |
| ISBN: | 1475562853 9781475562859 |
Staff View
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| 500 | |a We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign investors' transactions in government bond markets do not. We relate these differences in the price impact of capital flows to differences in the amounts of private information conveyed by these flows. Our empirical findings are based on novel, daily-frequency datasets on prices and quantities of all transactions of foreign investors in the stock, bond, and onshore FX markets of Thailand | ||
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| id | DE-604.BV043786788 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:35:07Z |
| institution | BVB |
| isbn | 1475562853 9781475562859 |
| language | English |
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| physical | 29 pages |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
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| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Gyntelberg, Jacob Verfasser aut Private information, capital flows, and exchange rates prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij [Washington, D.C.] International Monetary Fund ©2012 29 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/213 Title from PDF title page (IMF Web site, viewed Aug. 30, 2012). - "Institute for Capacity Development.". - "September 2012." We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign investors' transactions in government bond markets do not. We relate these differences in the price impact of capital flows to differences in the amounts of private information conveyed by these flows. Our empirical findings are based on novel, daily-frequency datasets on prices and quantities of all transactions of foreign investors in the stock, bond, and onshore FX markets of Thailand Includes bibliographical references Capital movements fast Foreign exchange rates fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Thailand Foreign exchange rates Thailand Loretan, Mico Sonstige oth Subhanij, Tientip Sonstige oth International Monetary FundXXbInstitute for Capacity Development Sonstige oth |
| spellingShingle | Gyntelberg, Jacob Private information, capital flows, and exchange rates Capital movements fast Foreign exchange rates fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Thailand Foreign exchange rates Thailand |
| title | Private information, capital flows, and exchange rates |
| title_auth | Private information, capital flows, and exchange rates |
| title_exact_search | Private information, capital flows, and exchange rates |
| title_full | Private information, capital flows, and exchange rates prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_fullStr | Private information, capital flows, and exchange rates prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_full_unstemmed | Private information, capital flows, and exchange rates prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_short | Private information, capital flows, and exchange rates |
| title_sort | private information capital flows and exchange rates |
| topic | Capital movements fast Foreign exchange rates fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Thailand Foreign exchange rates Thailand |
| topic_facet | Capital movements Foreign exchange rates BUSINESS & ECONOMICS / Finance Wirtschaft Capital movements Thailand Foreign exchange rates Thailand |
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