This paper investigates the effects of equity and bond portfolio in.ows 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 …

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 …

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 …

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 …

and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of … is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk … activities to maximise returns and minimise exposure to uncertainty. Furthermore, since exchange rate volatility and the …

and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of … is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk … activities to maximise returns and minimize exposure to uncertainty. Furthermore, since exchange rate volatility and the …

and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of … is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk … activities to maximise returns and minimise exposure to uncertainty. Furthermore, since exchange rate volatility and the …

and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of … is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk … activities to maximise returns and minimize exposure to uncertainty. Furthermore, since exchange rate volatility and the …

benchmark linear VAR models and then, given the evidence of parameter instability, TVP-VAR models with stochastic volatility …