This paper investigates the effects of equity and bond portfolio inflows on exchange rate volatility, using monthly … probability Markov-switching model. We find that net equity (bond) inflows drive the exchange rate to a high (low) volatility … state. In particular, net bond inflows increase the probability of remaining in the low volatility state in the case of …

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange … trade decline, uncertainty for international capital flows is less and macroeconomic stability is enhanced. Cross country … panel estimations provide evidence for a negative impact of exchange rate volatility on growth both in Emerging Europe and …

activities to maximise returns and minimize exposure to uncertainty. Furthermore, since exchange rate volatility and the …This paper examines the impact of exchange rate uncertainty on different components of portfolio flows, namely equity … and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of …

has roots in fundamentals. Higher market risk predicts greater idiosyncratic earnings volatility as well as dispersion and … errors in analysts' earnings forecasts. Firm characteristics related to the ability of firms to adjust to higher uncertainty …, which is consistent with the view that such options provide a hedge against macroeconomic uncertainty …

return correlations using weekly returns on futures markets and investigate the extent to which multivariate volatility …

volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much …