Exchange Rates and Capital Flows /

This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. stocks-possibly reflecting differences in expected productivity growth-track movements in the euro against...

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Detalhes bibliográficos
Autor principal: Brooks, Robin
Outros Autores: Edison, Hali, Kumar, Manmohan, Sloek, Torsten
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2001.
Colecção:IMF Working Papers; Working Paper ; No. 2001/190
Acesso em linha:Full text available on IMF
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100 1 |a Brooks, Robin. 
245 1 0 |a Exchange Rates and Capital Flows /  |c Robin Brooks, Torsten Sloek, Manmohan Kumar, Hali Edison. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. stocks-possibly reflecting differences in expected productivity growth-track movements in the euro against the dollar closely. Net FDI flows, which capture the recent burst in cross-border M and A activity, appear less important in tracking movements in the euro-dollar rate, possibly because many M and A transactions consist of share swaps. Movements in the yen versus the dollar remain more closely tied to such conventional variables as the current account and interest differential. 
538 |a Mode of access: Internet 
700 1 |a Edison, Hali. 
700 1 |a Kumar, Manmohan. 
700 1 |a Sloek, Torsten. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/190 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/190/001.2001.issue-190-en.xml  |z IMF e-Library