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[경제] The Influence of US Dollar Funding Conditions on Asian Financial Markets

동남아시아 일반 국외연구자료 연구보고서 - Asian Development Bank 발간일 : 2021-03-16 등록일 : 2021-03-19 원문링크

It is observed that a depreciation of the domestic currency against the US dollar leads to a widening of the sovereign bond spread. This finding suggests a significant relationship between US dollar funding exposure, US dollar liquidity conditions, and domestic financial conditions in some emerging Asian economies. Yet, given that the magnitude of the effects varies across economies, the paper notes that policy prescriptions must be tailored individually.

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