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The impact of sovereign wealth funds on international financial stability

Gomes, Tamara (contributor) - 2008

stabilizing role in financial markets by supplying liquidity and reducing market volatility. While characteristics such as a lack …

Persistent link: https://www.econbiz.de/10003775786

The growing importance of investment funds in capital flows

Schmidt, Richard; Yeşin, Pınar - 2022

In this paper, we first document the growing importance of foreign-domiciled investment funds in countries' portfolio liabilities over time and then show empirical evidence that cross-border fund flows are coincident with asset price movements. To measure the external liabilities of countries to...

Persistent link: https://www.econbiz.de/10013489447

The growing importance of investment funds in capital flows

Schmidt, Richard; Yeşin, Pınar - In: Aussenwirtschaft : schweizerische Zeitschrift für … 72 (2022) 1, pp. 1-40

Persistent link: https://www.econbiz.de/10014287894

Global liquidity and exchange market pressure in emerging market economies

Hossfeld, Oliver; Pramor, Marcus - 2018

We analyse the relationship between global liquidity and exchange market pressure in 32 emerging market economies … accounts for changes in exchange rates, foreign exchange reserves and, optionally, interest rates. Surges in monetary liquidity … market conditions: ample liquidity provision in advanced economies contributes to the build-up of financial stability risks …

Persistent link: https://www.econbiz.de/10011820941

Capital Flow Dynamics and FX Intervention

Ehlers, Torsten - 2014

Many emerging markets have intervened in FX markets during and after the global financial crisis to dampen movements in exchange rates and smooth volatile capital flows. Firstly, we show that the joint dynamics of capital flows, FX changes and asset returns in emerging markets are largely...

Persistent link: https://www.econbiz.de/10013047269

Global Liquidity Risk in the Foreign Exchange Market

Banti, Chiara - 2011

construct a measure of global liquidity risk in the foreign exchange (FX) market. Our FX liquidity measure may be seen as the … analogue of the well-known Pastor-Stambaugh liquidity measure for the US stock market. We show that this measure has reasonable … properties, and that there is a strong common component in liquidity across currencies. Finally, we provide evidence that …

Persistent link: https://www.econbiz.de/10013118806

Foreign exchange fixings and returns around the clock

Krohn, Ingomar; Mueller, Philippe; Whelan, Paul - 2021 - Last updated: October 6, 2021

We document that intraday currency returns display systematic reversals around the major benchmark fixings, characterized by an appreciation of the U.S. dollar pre-fix and a depreciation post-fix. We propose an explanation based on constrained intermediation by foreign exchange dealers....

Persistent link: https://www.econbiz.de/10012650198

The fading of investment-cash flow sensitivity and global development

Larkin, Yelena; Ng, Lilian K.; Zhu, Jie - In: The journal of corporate finance : contracting, … 50 (2018), pp. 294-322

Persistent link: https://www.econbiz.de/10011870258

Drivers of global liquidity and global bank flows : a view from the euro area

Everett, Mary - 2016

This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary … indicates heterogeneity in the influence of global liquidity on global flows across euro area bank type, defined by their …

Persistent link: https://www.econbiz.de/10011446311

On the Use of Currency Forwards : Evidence from International Equity Mutual Funds

Opie, Wei; Riddiough, Steven - 2023

approaches to using currency forwards that span liquidity, hedging, and speculation motives. We find that foreign exchange …

Persistent link: https://www.econbiz.de/10014350600

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