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Dealing with quantitative easing spillovers in East Asia : the role of institutions and macroprudential policy

Saiki, Ayako; Pornpinun Chantapacdepong; Volz, Ulrich - 2016

This paper explores the impact of advanced countries' quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We used confidential locational bank statistics data from the Bank for...

Persistent link: https://www.econbiz.de/10011561633

The correlations of the equity markets in Asia and the impact of capital flow management measures

Pornpinun Chantapacdepong - 2017

This paper examines the international transmission of volatility in the stock markets of countries in emerging Asian economies (EAEs). The time period of the study is from before the Asian financial crisis until after the global financial crisis. Over two decades the degree of volatility...

Persistent link: https://www.econbiz.de/10011686493

Spillover effects of unconventional monetary policy in Asia and the Pacific

Punzi, Maria Teresa; Pornpinun Chantapacdepong - 2017

We assess the evolution of spillover effects of unconventional monetary policies (UMPs) on Asia and the Pacific region …, and evaluate the impact on and implications for the macroeconomy. We develop a Panel Vector Auto Regression model for Asia … a shadow interest rate estimated by Krippner (2013). We find that Asia and the Pacific region has responded to the …

Persistent link: https://www.econbiz.de/10011578404

Carry trades in Asia and the Pacific : evidence on unconventional monetary policies of advanced economies

Pornpinun Chantapacdepong; Ito, Hiroyuki; Hull, Kieran - 2017

unconventional monetary policy (UMP) affects the UIP relationship for 11 currencies in Asia and the Pacific. When we run the Fama …

Persistent link: https://www.econbiz.de/10011757991

The transmission of interest rates shocks to Asia : are effects different below the zero lower bound?

Feldkircher, Martin; Huber, Florian; Pornpinun … - 2017

We use a non-linear factor-augmented vector-autoregressive model to evaluate international effects of an unexpected decrease in euro area policy rates. Given the current environment of ultra low or negative interest rates, we especially focus on potential differences in the transmission of the...

Persistent link: https://www.econbiz.de/10011621228