Article ID Journal Published Year Pages File Type
5087355 Journal of Asian Economics 2013 9 Pages PDF
Abstract
► This paper examines the impact of various forms of capital flows on real exchange rates in emerging Asian countries. ► It is highlighted that capital flow composition matters in terms on both the magnitude and speed of change of real exchange rates. ► FDI inflows are more favorable than other capital inflow in terms of the speed of real exchange appreciation, but not the magnitude. ► The increasing importance of M&A FDI lowers the favorable impact of FDI on real exchange rate.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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