dollar appreciation triggered by a US interest rate increase, direct bilateral trade between non-US countries contracts more …

conditions, with a special focus on the broad dollar index. We show that the influence of the dollar on real economic activity …

We explore the link between firms' dollar bond borrowing and their FX-hedged funding opportunities, as reflected in a … first document that firms substitute domestic for dollar borrowing when they have higher dollar revenues or long-term assets … substitutes for safe dollar assets. However, firms with higher dollar revenues or long-term assets do not react to changes in the …

. The dollar zone groups economies that produce well over half of global GDP. The euro zone now includes almost all of … Europe and some commodity producers, but remains less than half the size of the dollar zone. The dollar zone share has shown … 2000s, the dollar zone's current account disappeared by the onset of the Global Financial Crisis (GFC), even as the US …

interest parity (CIP) between the Korean won and the US dollar was seriously violated. Using a variation of the EGARCH model … CIP, but the Bank of Korea's loans of the US dollar proceeds of swaps with the US Federal Reserve were effective. This is …

The dollar exchange rate affects real outcomes not only through competitiveness, but also through fluctuations in … credit supply. Using detailed export data at the firm-level, we find that the dollar exchange rate affects exports and … things equal, firms that are more reliant on banks with higher dollar funding suffer a larger negative effect on exports …

. We present new results on the growth of foreign currency credit, especially US dollar credit, as a transmission mechanism …. Restrained growth of dollar credit in Korea contrasts with very rapid growth on the Chinese mainland and in Hong Kong SAR …