01835cas a2200241 a 4500 AALejournalIMF017664 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484301135 1018-5941 BD-DhAAL BD-DhAAL Ouedraogo, Rasmane. Portfolio Inflows and Real Effective Exchange Rates : Does the Sectorization Matter? / Rasmane Ouedraogo. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students It has been well-established in the literature that portfolio inflows appreciate the real effective exchange rate. However, the literature lacks a systematic empirical analysis of the impact of portfolio inflows by institutional sector or borrower type. This paper fills this gap by exploring the impact of the inflows of portfolio capital into three institutional sectors (government, banks and corporates) on the real effective exchange rate. Using a large sample of 73 countries, it shows that the effect of portfolio inflows on the real effective exchange rate depends on the sector the investment flows inches The findings are robust to different econometric methods, additional variables in the model, and various indicators of real effective exchange rates. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/121 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/121/001.2017.issue-121-en.xml IMF e-Library