Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand

Working Paper No. 12/214

Nopic
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... READ MORE...

Publication date: August 2012
ISBN 9781475505641
$18.00

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Publication date: August 2012

English