Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand /

We present empirical evidence that the Thai baht's value is driven in part by investors' cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Gyntelberg, Jacob
Weitere Verfasser: Loretan, Mico, Tientip, Subhanij
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2012.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2012/214
Online Zugang:Full text available on IMF