Portfolio Inflows and Real Effective Exchange Rates : Does the Sectorization Matter? /

It has been well-established in the literature that portfolio inflows appreciate the real effective exchange rate. However, the literature lacks a systematic empirical analysis of the impact of portfolio inflows by institutional sector or borrower type. This paper fills this gap by exploring the imp...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Ouedraogo, Rasmane
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2017.
মালা:IMF Working Papers; Working Paper ; No. 2017/121
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Portfolio Inflows and Real Effective Exchange Rates :   |b Does the Sectorization Matter? /  |c Rasmane Ouedraogo. 
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300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
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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 It has been well-established in the literature that portfolio inflows appreciate the real effective exchange rate. However, the literature lacks a systematic empirical analysis of the impact of portfolio inflows by institutional sector or borrower type. This paper fills this gap by exploring the impact of the inflows of portfolio capital into three institutional sectors (government, banks and corporates) on the real effective exchange rate. Using a large sample of 73 countries, it shows that the effect of portfolio inflows on the real effective exchange rate depends on the sector the investment flows inches The findings are robust to different econometric methods, additional variables in the model, and various indicators of real effective exchange rates. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/121 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/121/001.2017.issue-121-en.xml  |z IMF e-Library