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(Renminbi) and the policy of pegging the Yuan to the Dollar both improved China's competitiveness in attracting Foreign Direct …This paper argues that China's exchange rate policy played a critical role in its FDI boom. Devaluation of the Yuan … Japanese direct investment in China. The devaluation of the Yuan substantially enhanced inflows of direct investment from Japan …
Persistent link: https://www.econbiz.de/10014061589
large negative shock in China, Germany and United States on the growth of other economies. We use a univariate Global … the globe whereas Germany and China play an important regional role. …
Persistent link: https://www.econbiz.de/10012287453
China and ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand). The empirical results generally support the …
Persistent link: https://www.econbiz.de/10012729600
Persistent link: https://www.econbiz.de/10011582784
This BIS Paper (No. 68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. The collection draws on selected presentations made at the BIS-sponsored sessions at the Latin American and...
Persistent link: https://www.econbiz.de/10013088048
This paper re-examines the role of exchange rates as determinant of FDI. It extends the analysis to include the issue of how exchange rates determine the decision of invest in one country depending on whether the firm is deciding to invest on the country to service the local market or to invest...
Persistent link: https://www.econbiz.de/10013047115
Historically, sovereign debt in local currency has been considered safer than debt in foreign currency. Yet the literature offers scant theoretical or empirical guidance as to why such a gap exists, or why it appears to have slowly and steadily diminished for all regions over the past two...
Persistent link: https://www.econbiz.de/10012924033
Foreign investors' changing appetite for risk-taking have been shown to be a key determinant of the global financial cycle. Such fluctuations in risk sentiment also correlate with the dynamics of UIP premia, capital flows, and exchange rates. To understand how these risk sentiment changes...
Persistent link: https://www.econbiz.de/10013210054
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....
Persistent link: https://www.econbiz.de/10012224121
This paper examines the importance of trade ties, macro-financial volatilities, and US dollar trade invoicing in explaining Asia’s international investment assets and liabilities denominated in world currencies, including the US dollar (USD), euro (EUR), pound sterling (GBP), Japanese yen...
Persistent link: https://www.econbiz.de/10014256782