Publications

Working Papers

Back

(WP5/2022) The Currency Composition of Asia's International Investments

Publish Date: : November 2022
Authors:: Rogelio Mercado, Jr and Paulo Rodelio Halili

Summary

This paper examines the importance of trade ties, macro-financial volatilities, and US dollar trade invoicing in explaining Asia’s international investment assets and liabilities denominated in world currencies, including the US dollar, euro, pound sterling, Japanese yen and Chinese yuan. The results show heterogeneous patterns of relevant covariates across different currencies. More importantly, the estimates offer new evidence that the region hedges its currency risk.

The South East Asian Central Banks (SEACEN)Research and Training Centre 198201000672 (80416-M)

 

Contact Us

Level 5, Sasana Kijang
Bank Negara Malaysia
2 Jalan Dato' Onn
50480 Kuala Lumpur, Malaysia

Tel : (+603) 9195 1888
Email : enquiries@seacen.org
 

Courses

High Level Forums

Research

The SEACEN Centre Team

Online Seminars

Collaborative Events

About The SEACEN Centre