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Reverse Speculative Attacks
Amador, Manuel - 2016
Franc against the Euro, a decision which led to the appreciation of the Swiss Franc. The objective of this paper is to …
Persistent link: https://www.econbiz.de/10012456377
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Financial Vulnerability and Risks to Growth in Emerging Markets
Acharya, Viral V. - 2020
This paper introduces a new financial vulnerability index for emerging market economies by exploiting key differences in their business cycles relative to those of advanced economies. Information on the domestic price of risk, cost of dollar hedging and market-based measures of bank...
Persistent link: https://www.econbiz.de/10012481606
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Fetters of Gold and Paper
Eichengreen, Barry - 2010
We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these …
Persistent link: https://www.econbiz.de/10012462453
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Balance Sheet Effects on Monetary and Financial Spillovers : The East Asian Crisis Plus 20
Aizenman, Joshua - 2016
We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other … euro) makes the response of a financial variable such as the REER and exchange market pressure in the PHs more sensitive to … a change in key variables in the U.S. (or the euro area) such as policy interest rates and the REER. While having more …
Persistent link: https://www.econbiz.de/10012455943
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Currency Centrality in Equity Markets, Exchange Rates and Global Financial Cycles
Rey, Hélène; Stavrakeva, Vania; Tang, Jenny - National Bureau of Economic Research - 2024
The paper explores empirically the tight links between exchange rates and the global network of equity holdings. Exchange rates can be expressed in terms of "equity net currency supplies", i.e. local currency stock market capitalization minus equity holdings, denominated in investors'...
Persistent link: https://www.econbiz.de/10015072944
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For a Few Dollars More : Reserves and Growth in Times of Crises
Bussière, Matthieu - 2014
Based on a dataset of 112 emerging economies and developing countries, this paper addresses two key questions regarding the accumulation of international reserves: first, has the accumulation of reserves effectively protected countries during the 2008-09 financial crisis? And second, what...
Persistent link: https://www.econbiz.de/10012458872
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Free Lunch! Arbitrage Opportunities in the Foreign Exchange Markets
Ito, Takatoshi - 2012
Using the "firm" quotes obtained from the tick-by-tick EBS (electronic broking system that is a major trading platform for foreign exchanges) data, it is found that risk-free arbitrage opportunities--free lunch--do occur in the foreign exchange markets, but it typically last only a few seconds....
Persistent link: https://www.econbiz.de/10012460119
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Taylor Rule Exchange Rate Forecasting During the Financial Crisis
Molodtsova, Tanya - 2012
interest rate in response to inflation and either the output or the unemployment gap, for the euro/dollar exchange rate with …
Persistent link: https://www.econbiz.de/10012460332
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Dominant Currencies : How Firms Choose Currency Invoicing and Why it Matters
Amiti, Mary - 2020
foreign currencies, especially in the US dollar, exhibiting a lower pass-through of the euro-destination exchange rate and a …
Persistent link: https://www.econbiz.de/10012482146
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A Distant Mirror of Debt, Default, and Relief
Reinhart, Carmen M. - 2014
We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt hangover in advanced economies that was created by World...
Persistent link: https://www.econbiz.de/10012458088