Exchange rate regimes - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:43:18+00:00Exchange Rate Regimes, Globalisation, and the Cost of Capital in Emerging Markets
https://www.bankofcanada.ca/2007/04/working-paper-2007-29/
This paper presents a multifactor asset pricing model for currency, bond, and stock returns for ten emerging markets to investigate the effect of the exchange rate regime on the cost of capital and the integration of emerging financial markets. Since there is evidence that a fixed exchange rate regime reduces the currency risk premia demanded by foreign investors, the tentative conclusion is that a fixed exchange rate regime system can help reduce the cost of capital in emerging markets.2007-04-05T15:48:18+00:00enExchange Rate Regimes, Globalisation, and the Cost of Capital in Emerging Markets2007-04-05Development economicsExchange rate regimesWorking Paper 2007-29 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-29.pdfExchange Rate Regimes, Globalisation, and the Cost of Capital in Emerging MarketsAntonio Diez de los RiosApril 2007FF3F30F33GG1G15