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Capital inflows and asset prices: The recent evidence of selected east Asian economies

ຈັດພິມໂດຍ: Open Development Mekong

This discussion paper aims to provide empirical evidence on the relationship between capital inflows and asset prices, focusing on China, Hong Kong, Indonesia, Korea and Thailand. The positive responses of share prices to portfolio inflows shocks were verified in all the estimated economies. The author argues that this sheds light on the function of the direct channel into the stock market; the indirect channel through domestic money supply appeared to work in the economies with peg regimes, such as Hong Kong, whereas it did not work in those with floating regimes, such as Indonesia, Korea and Thailand. The author argues this is due to the sterilization of intervention in foreign exchange markets.

ແຫຼ່ງຂໍ້ມູນ (1)

ເບິ່ງຕົວຢ່າງຂໍ້ມູນ - Capital inflows and asset prices: The recent evidence of selected east Asian economies

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ປະເພດເອກະສານ Reports, journal articles, and research papers (including theses and dissertations)
ພາສາຂອງເອກະສານ
  • ອັງກິດ
ຫົວຂໍ້
  • Banking and financial services policy and regulation
  • Economy and commerce
  • Foreign investors
  • Stock market
  • Trade policy and regulation
ພື້ນທີ່ພູມສັນຖານ (ຂອບເຂດພື້ນທີ່)
  • ໄທ
ລິຂະສິດ Unclear copyright
ສະບັບທີ / ຄັ້ງທີ 1.0
ສັນຍາລິຂະສິດ unspecified
ຂໍ້ມູນຕິດຕໍ່

Research Department Policy Research Institute, MOF 3-1-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8940, Japan. Tel 03-3581-4111.

ຜູ້ຂຽນ (ບຸກຄົນ) Taguchi, Hiroyuki
ປີຈັດພິມ 2011
ວັນທີອັບໂຫຼດ ມິຖຸນາ 18, 2015, 13:57 (UTC)
ວັນທີດັດແປງ ມັງກອນ 7, 2016, 23:28 (UTC)