Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10488006 | Journal of Financial Stability | 2013 | 13 Pages |
Abstract
⺠We investigate the signaling role of the MSB spread during the recent financial crisis. ⺠Short-term capital flows transmit exogenous shocks via foreign reserves channel. ⺠A negative impact on foreign reserves is a major risk to domestic financial markets. ⺠The MSB spread is a signal to capture short-term capital and foreign reserve shock.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics, Econometrics and Finance (General)
Authors
Jinyong Kim, Yong-Cheol Kim,