Author/Editor: Jacob Gyntelberg, Mico Loretan, Subhanij Tientip.

Release Date: August, 2012

We present empirical evidence that the Thai baht’s value is driven in part by investors’ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive more...

Author/Editor: Jonathan David Ostry, Atish R Ghosh, Marcos d Chamon.

Release Date: February, 2012

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...