Private Information, Capital Flows, and Exchange Rates /

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'...

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Detalhes bibliográficos
Autor principal: Gyntelberg, Jacob
Outros Autores: Loretan, Mico, Tientip, Subhanij
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
Colecção:IMF Working Papers; Working Paper ; No. 2012/213
Acesso em linha:Full text available on IMF