Similar Search Results

Cheung, Yin-Wong; Wang, Wenhao - 2022

Using quarterly data on four commodity exporting countries, we study the explanatory power of real commodity prices for predicting real effective exchange rates, with special attention to the separate roles of different sectoral commodity prices during alternative time periods. We find that the...

Persistent link: https://www.econbiz.de/10013383435

International reserves before and after the global crisis : is there no end to hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2014

Persistent link: https://www.econbiz.de/10010412457

International reserves before and after the global crisis : is there no end to hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015

We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...

Persistent link: https://www.econbiz.de/10010490278

International Reserve Management, Global Financial Shocks, and Firm Investment in Emerging Market Economies

Aizenman, Joshua; Cheung, Yin-Wong; Qian, Xingwang - 2022

We examine the effects of active international reserve management (IRM) conducted by central banks of emerging market economies (EMEs) on firm investment in the presence of global financial shocks. Using firm level data from 46 EMEs from 2000 to 2018, we document four findings. First, active IRM...

Persistent link: https://www.econbiz.de/10013323008

International currency exposure

Cheung, Yin-Wong (ed.); Westermann, Frank (ed.) - CESifo Venice Summer Institute Conference <16, 2015, … - 2017

international currency risk after the Swiss franc ended its one-sided peg with the euro, for example, and the foreign exchange …

Persistent link: https://www.econbiz.de/10011630029

A cross-country empirical analysis of international reserves

Cheung, Yin-Wong; Itō, Hiro - 2009

between developed and developing economies and is not stable over time. The estimation results indicate that, especially …

Persistent link: https://www.econbiz.de/10003850507

The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets

Aizenman, Joshua - 2019

Financial Crisis (GFC). Applying the annual data of 58 countries, we confirm that countries that trade more with the US, euro … zone, UK, and Japan, and issue more debt denominated in the big four currencies (US dollar, euro, pound, yen) hoard more IR … economic factors. We also find that TARGET2 balances matter for the currency composition in the euro zone; commodity …

Persistent link: https://www.econbiz.de/10012479884

Global safe assets, international reserves, and capital flow

Aizenman, Joshua (ed.); Cheung, Yin-Wong (ed.) - 2020

Persistent link: https://www.econbiz.de/10012392555

The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets

Aizenman, Joshua - 2019

Persistent link: https://www.econbiz.de/10012868738

China's capital flight : pre- and post-crisis experiences

Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2015

We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China's capital flight, especially the one measured by trade misinvoicing, exhibits a weakened response in the post-2007 period to the covered interest disparity, which is a theoretical...

Persistent link: https://www.econbiz.de/10011375683