Please use this identifier to cite or link to this item:
https://elibrary.tucl.edu.np/handle/123456789/5628
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | ADB; Patnaik, Ila; Pundit, Madhavi | - |
dc.date.accessioned | 2021-10-05T15:04:48Z | - |
dc.date.available | 2021-10-05T15:04:48Z | - |
dc.date.issued | 2019-05 | - |
dc.identifier.isbn | N/A | - |
dc.identifier.isbn | N/A | - |
dc.identifier.issn | 2313-6537 | - |
dc.identifier.issn | 2313-6545 | - |
dc.identifier.uri | https://www.adb.org/publications/financial-shocks-exchange-market-pressure | - |
dc.identifier.uri | https://elibrary.tucl.edu.np/handle/123456789/5628 | - |
dc.description | This paper provides evidence for the importance of capital account openness in buffering depreciation pressures during the taper tantrum in May 2013. After a long period of low interest rates in the United States, tapering quantitative easing in May 2013 led to sizable inflow reversals and currency depreciation in emerging and developing economies. This paper provides evidence for the importance of capital account openness in buffering depreciation pressures during the taper tantrum episode and shows that exposure to external private financing and having a more flexible exchange rate regime led to higher depreciation pressures. Macroeconomic fundamentals, however, did not matter for exchange market pressure. | - |
dc.format.extent | 32 | - |
dc.subject.other | Economics | - |
dc.subject.other | Finance sector development | - |
dc.subject.other | Financial institutions and services | - |
dc.subject.other | Financial markets | - |
dc.subject.other | Financial policy | - |
dc.subject.other | Public financial management | - |
dc.title | Financial Shocks and Exchange Market Pressure | - |
local.publication.country | Regional - Asia and the Pacific | - |
Appears in Collections: | ADB Collections |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.