Heinlein, Reinhold; Legrenzi, Gabriella; Mahadeo, Scott … - 2024
We empirically assess the interlinkages between sovereign risk, measured in terms of CDS spreads, and exchange rates … risk of other emerging economies is more relevant for the sovereign risk-exchange rate relationship than the state of … and policymakers, showing all interlinkages between sovereign risk and exchange rates across their entire distribution. …