's aggression in China and resulting diplomatic isolation. In 1933, the yen appreciated against the dollar, mainly in the New York …

While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar …, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into …. Theory consistent with dollar appreciation in the crisis suggests that their impact should be greater for countries that have …

The real trade weighted value of the dollar fell 11 percent against the Federal Reserve Bank's index of major …, and interest rate differences that make dollar investments less attractive.A declining dollar could have a powerful … negative effects of a falling dollar: reducing the real value of any given level of personal incomes by raising the cost to …

A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model … in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because … these banks rely on wholesale dollar funding, while raising more of their euro funding through insured retail deposits, the …

serial correlation in the univariate exchange rate processes. We apply the technique to a panel of bilateral U.S. dollar …

interest rate in response to inflation and either the output or the unemployment gap, for the euro/dollar exchange rate with …

Has the US dollar delivered the benefits that the rest of the world is expecting from its holdings of international …

Might the dollar eventually follow the precedent of the pound and cede its status as leading international reserve … equation correctly predicts a (small) narrowing in the gap between the dollar and euro over the period 1999-2004. Whether the … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …