Bond Markets as Conduits for Capital Flows

2013 ◽  
pp. 267-314 ◽  
Author(s):  
Barry Eichengreen ◽  
Pipat Luengnaruemitchai
Keyword(s):  
Capital Flows ◽  
Bond Markets

scholarly journals Bond Markets as Conduits for Capital Flows: How Does Asia Compare?

2006 ◽  
Author(s):  
Barry Eichengreen ◽  
Pipat Luengnaruemitchai
Keyword(s):  
Capital Flows ◽  
Bond Markets

scholarly journals Bond Markets as Conduits for Capital Flows: How Does Asia Compare?

2006 ◽  
Author(s):  
Barry Eichengreen ◽  
Pipat Luengnaruemitchai
Keyword(s):  
Capital Flows ◽  
Bond Markets

scholarly journals Recent Shifts in Capital Flow Patterns in Korea

2019 ◽  
Vol 2019 (262) ◽  
Author(s):  
Niels-Jakob Hansen ◽  
Signe Krogstrup
Keyword(s):  
Foreign Exchange ◽  
Capital Flows ◽  
Foreign Exchange Market ◽  
Capital Flow ◽  
Bond Markets ◽  
Exchange Market ◽  
Global Risk ◽  
Policy Responses ◽  
Changing Patterns ◽  
The Relationship

Koreas cross border capital flows have tended to respond negatively in global risk-off episodes, resulting in volatility in the foreign exchange market and occasional policy responses in the form of foreign exchange interventions. We study the relationship between Korean capital flows and global volatility up to 2018. The response of capital flows during risk-off episodes have become more muted over time, and occasional safe-haven type flows into Korean bond markets have helped counterbalance the tendency for portfolio investors to leave. We describe these changing patterns and relate them to shifts in Korea’s domestic investor base. We discuss whether they reflect a sustained shift in the sensitivity of Koreas capital flow pressures to global risk-off episodes, and implications for monetary and exchange rate policies.

scholarly journals Bond Markets As Conduits for Capital Flows: How Does Asia Compare?

2006 ◽  
Vol 06 (238) ◽  
pp. 1 ◽  
Author(s):  
Pipat Luengnaruemitchai ◽  
Barry J. Eichengreen ◽  
◽  
Keyword(s):  
Capital Flows ◽  
Bond Markets

scholarly journals Benchmark-Driven Investments in Emerging Market Bond Markets

2020 ◽  
Vol 20 (192) ◽  
Author(s):  
Serkan Arslanalp ◽  
Dimitris Drakopoulos ◽  
Rohit Goel ◽  
Robin Koepke
Keyword(s):  
Capital Flows ◽  
Policy Making ◽  
Emerging Market ◽  
Recipient Country ◽  
External Factors ◽  
Bond Markets ◽  
Investment Funds ◽  
Local Currency ◽  
Bond Indices

This paper reviews the role of benchmark-driven investments in EM local bond markets. We provide an overview of how key EM bond benchmark indices are constructed, how they affect the behavior of investment funds, and what are the likely implications for capital flows and policy-making. Several methods are presented suggesting that the amount of assets benchmarked against widely followed EM local-currency bond indices have risen fivefold since the mid-2000s to around $300 billion. Our review suggests that the benefits of index membership may be tempered by portfolio outflow risks for some countries. This is because benchmark-driven investments may increase the importance of external factors at the expense of domestic factors, raising the risks of outflows unrelated to recipient country fundamentals. Some countries may be disproportionately exposed to these risks, reflecting the way the indices are constructed.

Sozial-räumliche Dynamiken der Agrartreibstoffe.

2016 ◽  
Vol 46 (184) ◽  
pp. 423-440 ◽  
Author(s):  
Kristina Dietz ◽  
Bettina Engels ◽  
Oliver Pye
Keyword(s):  
Political Economy ◽  
Capital Flows ◽  
Spatial Dynamics ◽  
Financial Sector ◽  
Comprehensive Analysis ◽  
Spatial Theory ◽  
Global Political Economy

This article explores the spatial dynamics of agrofuels. Building on categories from the field of critical spatial theory, it shows how these categories enable a comprehensive analysis of the spatial dynamics of agrofuels that links the macro-structures of the global political economy to concrete, place-based struggles. Four core socio-spatial dynamics of agrofuel politics are highlighted and applied to empirical findings: territorialization, the financial sector as a new scale of regulation, place-based struggles and transnational spaces of resources and capital flows.

National Currency Appreciation and Growth of the Russian Economy

2004 ◽  
pp. 95-111
Author(s):  
T. Zolotoukhina
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Capital Flows ◽  
National Currency ◽  
Economic Factors ◽  
Exchange Market ◽  
Russian Economy ◽  
Macroeconomic Indicators

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

Investment Processes in the Russian Economy

2004 ◽  
pp. 4-27 ◽  
Author(s):  
V. Lisin
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Capital Flows ◽  
Economic Factors ◽  
Exchange Market ◽  
Russian Economy ◽  
Macroeconomic Indicators

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

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