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Full-Text Articles in Social and Behavioral Sciences
Three Essays On International Economics: Global Value Chains Of Singapore And The Cptpp; The Effects Of Oil Price Shocks On Trade, Tran Bao Phuong Nguyen
Three Essays On International Economics: Global Value Chains Of Singapore And The Cptpp; The Effects Of Oil Price Shocks On Trade, Tran Bao Phuong Nguyen
Dissertations and Theses Collection (Open Access)
This dissertation discusses two questions in international economics. The first two chapters focus on the matter of global value chains. We first explore the participation of Singapore in the global value chains by characterizing the position of Singapore in the global network and identifying Singapore’s key upstream and downstream trade partners. This is done at both the country aggregate and at the sector level. We trace how the country’s position in global value chains has changed in the past two decades: whether it has moved upstream or downstream, how involved it is in global value chains, how its trend compares …
Analysis Of Singapore's Foreign Exchange Market Microstructure, Chee Wai Wan
Analysis Of Singapore's Foreign Exchange Market Microstructure, Chee Wai Wan
Dissertations and Theses Collection (Open Access)
This paper analyses the Singapore foreign exchange market from a microstructure approach. Specifically, by applying and modifying the empirical methodology designed by Bollerslev and Melvin (1994), we examine the relationship between bid-ask spreads and the underlying volatility of the USD/SGD. Our data set comprises high-frequency USD/SGD tick data of three separate years (April-June 1989, April-May 2006, April-May 2009). We found that for the USD/SGD: i) the size of bid-ask spreads are positively related to the underlying exchange rate volatility; ii) the magnitude of the dependence on underlying volatility increases as tick volume increases; and iii) the size of the bid-ask …