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Capital Flows and Exchange Rate Volatility : Singapore's Experience

Kapur, Basant K. - 2005

Singapore's experience with international capital flows over the past two decades or so has been a rather -- although … equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore's CB system). The … discussion serves to identify some 'areas of vulnerability' in the Hong Kong set-up at that time. We next discuss Singapore …

Persistent link: https://www.econbiz.de/10012467314

The Yen and Its East Asian Neighbors, 1980-1995 : Cooperation or Competition?

Takagi, Shinji - 1996

closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …

Persistent link: https://www.econbiz.de/10012473118

The Dynamic Interaction of Exchange Rates and Trade Flows

Branson, William H. - 1985

During the fifteen years since 1970, the theory of exchange-rate determination has been completely transformed. In the late 1960s, the standard model of the foreign exchange market had supply and demand as stable functions of exports and imports, with the expection that a floating rate would...

Persistent link: https://www.econbiz.de/10012477297

Capital Flows, Investment, and Exchange Rates

Stockman, Alan C. - 1985

This paper incorporates international capital flows into a two-country, monetary-general-equilibrium model of asset prices with investment and production. We use the model to calculate theoretical covariances between investment, the current account, the exchange rate, and the terms of...

Persistent link: https://www.econbiz.de/10012477484

Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization

Obstfeld, Maurice - 1984

This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...

Persistent link: https://www.econbiz.de/10012477560

Policy Responses to Exchange-Rate Movements

Ball, Laurence M. - 2009

This paper examines policy responses to exchange-rate movements in a simple model of an open economy. The optimal response of monetary policy to an exchange-rate change depends on the source of the change: on whether the underlying shock is a shift in capital flows, manufactured exports, or...

Persistent link: https://www.econbiz.de/10012463476

An Asset-Pricing View of External Adjustment

Pavlova, Anna - 2007

Recent evidence on the importance of cross-border equity flows calls for a rethinking of the standard theory of external adjustment. We introduce equity holdings and portfolio choice into an otherwise conventional open-economy dynamic equilibrium model. Our model is simple and admits a...

Persistent link: https://www.econbiz.de/10012465180

International Borrowing, Capital Controls and the Exchange Rate : Lessons from Chile

Cowan, Kevin - 2005

This paper analyzes the Chilean experience with capital flows. We discuss the role played by capital controls, financial regulations and the exchange rate regime. The focus is on the period after 1990, the period when Chile returned to international capital markets. We also discuss the early...

Persistent link: https://www.econbiz.de/10012467301

Exchange Rate, Equity Prices and Capital Flows

Hau, Harald - 2002

We develop an equilibrium model in which exchange rates, stock prices and capital flows are jointly determined under incomplete forex risk trading. Incomplete hedging of forex risk, documented for U.S. global mutual funds, has three important implications: 1) exchange rates are almost as...

Persistent link: https://www.econbiz.de/10012469305

Does Exchange Rate Stability Increase Trade and Capital Flows?

Bacchetta, Philippe - 1998

On the eve of a major change in the world monetary system, the adoption of a single currency in Europe, our theoretical understanding of the implications of the exchange rate regime for trade and capital flows is still limited. We argue that two key model ingredients are essential to address...

Persistent link: https://www.econbiz.de/10012472109

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