Ontology highlight
ABSTRACT:
SUBMITTER: Arya V
PROVIDER: S-EPMC7454974 | biostudies-literature | 2020
REPOSITORIES: biostudies-literature
Arya Vandana V Cavoli Tony T Onur Ilke I
PloS one 20200828 8
Economies with exchange rate pegs generally attract higher capital inflows either through lower transaction costs of trade and finance, or by encouraging investors to exploit any interest differentials, or where foreign exchange (FX) interventions are sterilized, any previous interest differentials are preserved. This paper examines these relationships using FDI, portfolio and bank inflows for 28 emerging market economies. We find that greater fixity of the exchange rate and sterilized intervent ...[more]