Exchange rates and capital flows /

Exchange rates and capital flows /

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2001.
Description:	1 online resource (28 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/01/190 IMF working paper ; WP/01/190.
Subject:	Foreign exchange rates -- Econometric models. Capital movements -- Econometric models. Euro -- Econometric models. Yen, Japanese -- Econometric models. Dollar, American -- Econometric models. Capital movements -- Econometric models. Dollar, American -- Econometric models. Foreign exchange rates -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497885

Hidden Bibliographic Details
Other authors / contributors:	Brooks, Robin. International Monetary Fund. Research Department.
ISBN:	1451905025 9781451905021 1462323618 9781462323616 145271486X 9781452714868 1282106244 9781282106246 9786613799593 6613799599
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.
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.
Other form:	Print version: Exchange rates and capital flows. [Washington, D.C.] : International Monetary Fund, ©2001
Standard no.:	10.5089/9781451905021.001

Description
Summary:	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. stocks--possibly reflecting differences in expected productivity growth--track movements in the euro against the dollar closely. Net FDI flows, which capture the recent burst in cross-border M&A activity, appear less important in tracking movements in the euro-dollar rate, possibly because many M&A 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.
Physical Description:	1 online resource (28 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 27-28).
ISBN:	1451905025 9781451905021 1462323618 9781462323616 145271486X 9781452714868 1282106244 9781282106246 9786613799593 6613799599
ISSN:	2227-8885 ;