Foreign Investors in Emerging Equity Markets: Currency Effect Perspective

@inproceedings{Yan2015ForeignII,
  title={Foreign Investors in Emerging Equity Markets: Currency Effect Perspective},
  author={By Cheng Yan},
  year={2015}
}
This paper takes a perspective from foreign exchange (FX) to investigate the daily trading behavior and price impact of foreign investors in six Asian emerging equity markets over the past two decades. It exploits the unsolved interrelationship between capital flows and equity returns, and it also explores a possible role of FX and provides several new findings. First, flows chase domestic equity returns but not currency returns. Second, flows have an impact on FX returns as well as equity… CONTINUE READING

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