Exchange Rates and Global Volatility: Implications for Asia-Pacific Currencies

12 Pages Posted: 19 Jun 2012

See all articles by John Cairns

John Cairns

affiliation not provided to SSRN

Corrinne Ho

Bank for International Settlements

Robert N. McCauley

University of Oxford - Oxford Centre for Global History; Boston University, Global Development Policy Center

Date Written: March 2007

Abstract

At times of heightened global equity and bond market volatility, high-yielding currencies tend to depreciate while low-yielding ones tend to serve as a “safe haven”. The whole spectrum of sensitivity to global volatility is represented among Asia-Pacific currencies.

JEL Classification: F3, G1

Suggested Citation

Cairns, John and Ho, Corrinne and McCauley, Robert N. and McCauley, Robert N., Exchange Rates and Global Volatility: Implications for Asia-Pacific Currencies (March 2007). BIS Quarterly Review, March 2007, Available at SSRN: https://ssrn.com/abstract=1600056

John Cairns

affiliation not provided to SSRN

Corrinne Ho (Contact Author)

Bank for International Settlements ( email )

Centralbahnplatz 2
CH-4002 Basel, Basel-Stadt
Switzerland
00 41 61 280 9100 (Fax)

Robert N. McCauley

Boston University, Global Development Policy Center ( email )

67 Bay State Road
Boston, MA 02215
United States

University of Oxford - Oxford Centre for Global History ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

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