Information content of capital flows affects exchange rate impact, SNB paper finds
Private information conveyed by different kinds of capital flows affects the impact
Whether cross-border capital flows into government bond markets or stock markets matters for the resulting exchange rate impact, according to a working paper published by the Swiss National Bank (SNB) today (November 6).
Private information, capital flows, and exchange rates by Jacob Gyntelberg, Mico Loretan and Tientip Subhanij, uses a combination of what the authors say are novel datasets to examine linkages between foreign exchange markets and domestic capital markets in Thailand.
The authors
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