Article

Exchange rates and global volatility: implications for Asia-Pacific currencies

John W. Cairns · Corrinne Ho · Robert Neil McCauley

40 citations0/0 files storedRePEc: Research Papers in Economics

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Global Financial Crisis and Policies Financial Risk and Volatility Modeling Market Dynamics and Volatility

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.

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References

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