Exchange Rate Regime Changes and Portfolio Investment Flows in ASEAN Countries

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2020 Volume 7 number 4 pages 24-37

Title of the article	Exchange Rate Regime Changes and Portfolio Investment Flows in ASEAN Countries
Pages	24-37
Author	Dyomina Yana Valeryevna PhD in economics, senior research fellow Economic Research Institute FEB RAS 153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it.
Abstract	The article analyzes the functional dependence between portfolio investment assets of ASEAN-5 countries and changes in exchange rate regimes (transition to a single currency basket). The regression analysis results show that there is no correlation between fluctuations of national currencies against each other and against the USD, as well as the value of the currency basket and portfolio investments assets of Indonesia and Malaysia. The transition to a single currency basket also does not affect the volume of assets of Singapore’s portfolio investments. However, there is a weak correlation between the volume of Singapore's assets and fluctuations of national currencies against each other and against the USD. Finally, for the Philippines and Thailand, monetary policy coordination will have a significant positive effect.
Code	339.727+339.743
DOI	10.14530/reg.2020.4.24
Keywords	ASEAN ♦ ASEAN+3 ♦ exchange rate regimes ♦ portfolio investment ♦ gravity model
Download	2020-04.24.pdf
For citation	Dyomina Y.V. Exchange Rate Regime Changes and Portfolio Investment Flows in ASEAN Countries. Regionalistica [Regionalistics]. 2020. Vol. 7. No. 4. Pp. 24–37. http://dx.doi.org/10.14530/reg.2020.4.24 (In Russian)
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