International liquidity swaps: is the Ch
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E. Kohlscheen; M. P. Taylor
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Article
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2008
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John Wiley and Sons
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English
โ 123 KB
## Abstract We analyse the network of bilateral liquidity swaps (BSAs) among the ASEAN+3 countries. We find that the network has taken the correlation of capital flows in the region into account, in the sense that countries with lower correlation of reserve growth have engaged in larger BSAs. All e