Skip to content

Capital inflows and asset prices: The recent evidence of selected east Asian economies

This discussion paper aims to provide empirical evidence on the relationship between capital inflows and asset prices, focusing on China, Hong Kong, Indonesia, Korea and Thailand. The positive responses of share prices to portfolio inflows shocks were verified in all the estimated economies. The author argues that this sheds light on the function of the direct channel into the stock market; the indirect channel through domestic money supply appeared to work in the economies with peg regimes, such as Hong Kong, whereas it did not work in those with floating regimes, such as Indonesia, Korea and Thailand. The author argues this is due to the sterilization of intervention in foreign exchange markets.

Data Resources (1)

Data Resource Preview - Capital inflows and asset prices: The recent evidence of selected east Asian economies

Additional Info

Field Value
စာတမ်းအမျိုးအစား Reports, journal articles, and research papers (including theses and dissertations)
စာရွက်စာတမ်း၏ ဘာသာစကား
  • အင်္ဂလိပ်ဘာသာစကား
ခေါင်းစဉ်များ
  • Banking and financial services policy and regulation
  • Economy and commerce
  • Foreign investors
  • Stock market
  • Trade policy and regulation
ပထဝီဧရိယာ (spatial range)
  • ထိုင််း
မူပိုင်ခွင့် Unclear copyright
ပြင်ဆင်ချက် 1.0
ခွင့်ပြုချက် unspecified
ဆက်သွယ်ရန်

Research Department Policy Research Institute, MOF 3-1-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8940, Japan. Tel 03-3581-4111.

ရေးသားသူ (တစ်ဦးချင်း) Taguchi, Hiroyuki
ထုတ်ဝေသည့်ရက်စွဲ 2011
တင်ခဲ့သည့်ရက်စွဲ ဇွန် 18, 2015, 13:57 (UTC)
ပြန်လည်ပြင်ဆင်သည့်ရက်စွဲ ဇန်နဝါရီ 7, 2016, 23:28 (UTC)