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Last edited by WorkBot
January 29, 2010 | History

Understanding Asian equity flows, market returns and exchange rates 1 edition

Understanding Asian equity flows, market returns and exchange rates
Chayawadee Chai-Anant

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Understanding Asian equity flows, market returns and exchange rates
by Chayawadee Chai-Anant and Corinne Ho.

Published 2008 by Bank for International Settlements in Basel, Switzerland .
Written in English.

About the Book

This paper examines from various angles foreign investors' daily transactions in six emerging Asian equity markets and their relationship with local market returns and exchange rate changes over the period 1999-2006. Confirming much of the literature, we find that equity market returns matter for net equity purchases, and vice versa. In addition, we find that while currency returns tend to show little influence over foreign investors' demand for Asian equities, net equity purchases do have some explanatory power over near-term exchange rate changes. Moreover, we find that foreign investors do quite often move in or out of multiple Asian markets simultaneously - but more so on the way in than on the way out. Nonetheless, during specific events of heightened market volatility, we observe some interesting deviations from the full-sample average relationships.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"January 2008."

"Monetary and Economic Department."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

BIS working papers -- no. 245


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History Created December 11, 2009 · 2 revisions Download catalog record: RDF / JSON

January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page