Exchange rate fluctuations and international portfolio rebalancing in Thailand:
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Schriftenreihe: | IMF working paper
WP/12/214 |
| Schlagwörter: | |
| Links: | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568150 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568150 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568150 |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Aug. 31, 2012). - "Institute for Capacity Development.". - "September 2012." 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 Includes bibliographical references |
| Umfang: | 19 pages |
| ISBN: | 9781475539899 1475539894 |
Internformat
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| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c ©2012 | |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Aug. 31, 2012). - "Institute for Capacity Development.". - "September 2012." | ||
| 500 | |a 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 | ||
| 500 | |a Includes bibliographical references | ||
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| 650 | 7 | |a Portfolio management |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Foreign exchange |z Thailand | |
| 650 | 4 | |a Capital movements |z Thailand | |
| 650 | 4 | |a Portfolio management |z Thailand | |
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| 700 | 0 | |a Tientip Subhanij |e Sonstige |4 oth | |
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| id | DE-604.BV043960041 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T17:49:50Z |
| institution | BVB |
| isbn | 9781475539899 1475539894 |
| language | English |
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| physical | 19 pages |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
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| publisher | International Monetary Fund |
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| spelling | Gyntelberg, Jacob Verfasser aut Exchange rate fluctuations and international portfolio rebalancing in Thailand prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij [Washington, D.C.] International Monetary Fund ©2012 19 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/214 Title from PDF title page (IMF Web site, viewed Aug. 31, 2012). - "Institute for Capacity Development.". - "September 2012." 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 Includes bibliographical references BUSINESS & ECONOMICS / Finance bisacsh Capital movements fast Foreign exchange fast Portfolio management fast Wirtschaft Foreign exchange Thailand Capital movements Thailand Portfolio management Thailand Loretan, Mico Sonstige oth Tientip Subhanij Sonstige oth International Monetary Fund Sonstige oth |
| spellingShingle | Gyntelberg, Jacob Exchange rate fluctuations and international portfolio rebalancing in Thailand BUSINESS & ECONOMICS / Finance bisacsh Capital movements fast Foreign exchange fast Portfolio management fast Wirtschaft Foreign exchange Thailand Capital movements Thailand Portfolio management Thailand |
| title | Exchange rate fluctuations and international portfolio rebalancing in Thailand |
| title_auth | Exchange rate fluctuations and international portfolio rebalancing in Thailand |
| title_exact_search | Exchange rate fluctuations and international portfolio rebalancing in Thailand |
| title_full | Exchange rate fluctuations and international portfolio rebalancing in Thailand prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_fullStr | Exchange rate fluctuations and international portfolio rebalancing in Thailand prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_full_unstemmed | Exchange rate fluctuations and international portfolio rebalancing in Thailand prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij |
| title_short | Exchange rate fluctuations and international portfolio rebalancing in Thailand |
| title_sort | exchange rate fluctuations and international portfolio rebalancing in thailand |
| topic | BUSINESS & ECONOMICS / Finance bisacsh Capital movements fast Foreign exchange fast Portfolio management fast Wirtschaft Foreign exchange Thailand Capital movements Thailand Portfolio management Thailand |
| topic_facet | BUSINESS & ECONOMICS / Finance Capital movements Foreign exchange Portfolio management Wirtschaft Foreign exchange Thailand Capital movements Thailand Portfolio management Thailand |
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