상세정보
Export to Refworks부가기능
Exchange rate fluctuations and international portfolio rebalancing in Thailand
상세 프로파일
| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Exchange rate fluctuations and international portfolio rebalancing in Thailand/ prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij. |
| 개인저자 | Gyntelberg, Jacob,author. Loretan, Mico,author, Tientip Subhanij,author, |
| 단체저자명 | International Monetary Fund. Institute for Capacity Development. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (19 pages). |
| 총서사항 | IMF working paper;WP/12/214 |
| ISBN | 9781475539899 1475539894 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Aug. 31, 2012).
"Institute for Capacity Development." "September 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | We present empirical evidence that the Thai baht's value is driven in part by investors' cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006. Higher returns in the stock market relative to a reference stock market are associated with net sales of equities by these investors and a depreciation of the Thai baht. Net purchases of Thai equities lead to an appreciation of the Thai baht. Foreign investors do not appear to hedge the foreign exchange risk related to their stock market positions. |
| 주제명(지명) | Thailand. --fast |
| 일반주제명 | Foreign exchange --Thailand. Capital movements --Thailand. Portfolio management --Thailand. BUSINESS & ECONOMICS --Finance. Capital movements. Foreign exchange. Portfolio management. |
| 언어 | 영어 |
| 바로가기 |  |
