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The Effects of a Stronger Dollar on U.S. Prices

Díez, Federico J. - 2016

Since 2014:Q3, the U.S. dollar has experienced the third-fastest appreciation in over 30 years, with its nominal exchange and real exchange rate rising 15 percent against almost all foreign currencies (as measured by the Major Currencies Dollar Index). This sudden and rapid gain has engendered...

Persistent link: https://www.econbiz.de/10013000222

U.S. dollar currency premium in corporate bonds

Caramichael, John; Gopinath, Gita; Liao, Gordon Y. - 2021

We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o … without a currency hedge and about the same with a currency hedge when compared to the euro. This observed parity in currency … mix of their debt issuance depending on the relative borrowing cost between dollar and euro debt. In sum, the …

Persistent link: https://www.econbiz.de/10012605639

U.S. Dollar Currency Premium in Corporate Bonds

Caramichael, John; Gopinath, Gita; Liao, Gordon - 2022

Persistent link: https://www.econbiz.de/10013306776

Emerging market business cycles : the cycle is the trend

Aguiar, Mark; Gopinath, Gita - In: Journal of political economy 115 (2007) 1, pp. 69-102

Persistent link: https://www.econbiz.de/10003441790

Emerging market business cycles : the cycle is the trend

Aguiar, Mark; Gopinath, Gita - 2004

Persistent link: https://www.econbiz.de/10002208962

Emerging market business cycles : the cycle is the trend

Aguiar, Mark; Gopinath, Gita - 2004

Persistent link: https://www.econbiz.de/10002485386

Efficient fiscal policy and amplification

Aguiar, Mark; Amador, Manuel; Gopinath, Gita - 2005

Persistent link: https://www.econbiz.de/10003090665

Emerging Market Business Cycles : The Cycle is the Trend

Aguiar, Mark - 2008

Emerging market business cycles exhibit strongly countercyclical current accounts, consumption volatility that exceeds income volatility, and quot;sudden stopsquot; in capital inflows. These features contrast with developed small open economies. Nevertheless, we show that a standard model...

Persistent link: https://www.econbiz.de/10012773652

Preemptive policies and risk-off shocks in emerging markets

Das, Mitali; Gopinath, Gita; Kalemli-Ozcan, Sebnem - 2022

We show that "preemptive" capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996-2020 at monthly frequency, we document...

Persistent link: https://www.econbiz.de/10013170598

Efficient Fiscal Policy and Amplification

Aguiar, Mark; Amador, Manuel; Gopinath, Gita - 2021

We provide a rationale for the observed pro-cyclicality of tax policies in emerging markets and present a novel mechanism through which tax policy amplifies the business cycle. Our explanation relies on two features of emerging markets: limited access to financial markets and limited commitment...

Persistent link: https://www.econbiz.de/10013244396