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We examine the role of local currency bond markets (LCBMs) and foreign investor participation in these markets in capital flow volatility in emerging Asian economies over the period 1999 to 2020. Using a panel analysis and impulse response functions generated from a panel structural vector...
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worth, the evaporation of liquidity and rising risk premia are the key channels through which geopolitical uncertainty …
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Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and … lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign … economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other …
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We first confirm the interdependence of the United States and the Asia-Pacific region, and explore the real linkage through trade and investment, and the financial linkage through stock markets. These linkages are strengthened by the recent information technology (IT) revolution. The pairwise...
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