Impact of cross-border capital flows on foreign exchange market stability

Donghui Peng, Ying Ye and Qionghao Chen

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: This study explores the impact of cross-border capital flows on foreign exchange market stability. The research reveals that, in the long term, depreciation pressures arising from the withdrawal of cross-border capital inflows outweigh appreciation pressures arising from increased cross-border capital inflows. The impact of positive changes in cross-border capital outflows is significantly more significant than that of negative changes.

Keywords: Cross-border capital flows; Finance; Foreign exchange markets (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001855

DOI: 10.1016/j.frl.2024.105155

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