Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying …

We develop a novel, risk-based theory of the effects of currency manipulation. In our model, the choice of exchange … rate regime allows policymakers to make their currency, and by extension, the firms in their country, a safer investment … for international investors. Policies that induce a country's currency to appreciate when the marginal utility of inter …

instead to the structure of global portfolios and international financial markets. The literature on currency mismatches, in …

Many papers in the recent literature in open economy macroeconomics make different assumptions about the currency in … which firms set their export prices when nominal prices must be pre-set. But to date, all of these studies take the currency … can choose the currency in which they set prices for sales to foreign markets. We make two alternative assumptions about …

The stickiness and currency of pricing of traded goods play a central role in international macroeconomics, however …-the-dock for the period 1994-2005, and present four main results: First, the median price duration in the currency of pricing is 10 … to standard modeling assumptions, for the U.S, there is producer currency pricing in exports and local currency pricing …

More than half of U.S. currency circulates abroad. As a result, much of the seignorage income of the United States is … foreign demand for its currency. In the absence of such demand, the model implies that the Friedman rule--deflation at the … foreign demand for domestic currency is taken into account, the Friedman rule ceases to be Ramsey optimal. Calibrated versions …

to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between …

A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely … investment than a currency …

and found that the currency in which prices are set has significant implications for exchange rate pass-through to import … goods, the more likely its exporters will price in the exporter's currency. Country size and the cyclicality of real wages …, the new currency is likely to be used more extensively in trade than the sum of the currencies it replaces …