Capital controls, exchange rate regimes, and bond-led stops in emerging economies
- Authors
- 백승관
- Issue Date
- 16-Dec-2016
- Publisher
- 한국국제경제학회
- Citation
- 2016 한국국제경제학회 제39차 동계학술대회 논문집, v.1, no.1, pp.1 - 10
- Journal Title
- 2016 한국국제경제학회 제39차 동계학술대회 논문집
- Volume
- 1
- Number
- 1
- Start Page
- 1
- End Page
- 10
- URI
- https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/7009
- Abstract
- This paper explores the determinants of stop episodes that are led by bond flows in emerging economies. The estimation results reveal that bond-led stop episodes are associated with contagion and domestic factors rather than global factors. The probability of stops is significantly correlated with domestic factors such as bond market size, institutional quality, and real exchange rate overvaluation. Moreover, emerging economies with less flexible exchange-rate regimes and more restrictive capital controls are more likely to experience bond-led stop episodes
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Collections - School of Economics > School of Economics > 1. Journal Articles
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