Global S&T Development Trend Analysis Platform of Resources and Environment
The Influence of US Dollar Funding Conditions on Asian Financial Markets | |||||||||||||||||
Junkyu Lee; Peter Rosenkranz; Arief Ramayandi | |||||||||||||||||
2021-03-09 | |||||||||||||||||
出版年 | 2021 | ||||||||||||||||
国家 | 国际 | ||||||||||||||||
领域 | 气候变化 ; 资源环境 | ||||||||||||||||
英文摘要 | The Influence of US Dollar Funding Conditions on Asian Financial MarketsPublication | March 2021
Amid high reliance on United States (US) dollar-denominated funding, this paper finds changes in exchange rates affect sovereign credit risk premiums in selected emerging Asian economies.
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It is observed that a depreciation of the domestic currency against the US dollar leads to a widening of the sovereign bond spread. This finding suggests a significant relationship between US dollar funding exposure, US dollar liquidity conditions, and domestic financial conditions in some emerging Asian economies. Yet, given that the magnitude of the effects varies across economies, the paper notes that policy prescriptions must be tailored individually. Contents
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URL | 查看原文 | ||||||||||||||||
来源平台 | Asian Development Bank | ||||||||||||||||
文献类型 | 科技报告 | ||||||||||||||||
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/318482 | ||||||||||||||||
专题 | 气候变化 资源环境科学 | ||||||||||||||||
推荐引用方式 GB/T 7714 | Junkyu Lee,Peter Rosenkranz,Arief Ramayandi. The Influence of US Dollar Funding Conditions on Asian Financial Markets,2021. |
条目包含的文件 | 条目无相关文件。 |
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