Hidden Bibliographic Details
| Other authors / contributors: | Brooks, Robin.
International Monetary Fund. Research Department.
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| ISBN: | 1451905025
9781451905021
1462323618
9781462323616
145271486X
9781452714868
1282106244
9781282106246
9786613799593
6613799599
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| Notes: | Includes bibliographical references (pages 27-28).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. stockspossibly reflecting differences in expected productivity growthtrack movements in the euro against the dollar closely. Net FDI flows, which capture the recent burst in cross-border MA activity, appear less important in tracking movements in the euro-dollar rate, possibly because many MA transactions consist of share swaps. Movements in the yen versus the dollar remain more closely tied to such conventional variables as the current account and interest differential.
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| Other form: | Print version: Exchange rates and capital flows. [Washington, D.C.] : International Monetary Fund, ©2001
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| Standard no.: | 10.5089/9781451905021.001
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