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Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone : COVID-19 Dominance During January - June 2020

Jinjarak, Yothin - 2020

announcements, rather than traditional determinants like fiscal space and systematic risk, drove CDS adjustment over this period … mitigate the short-run fear of the worst economic outcomes, temporarily pushing away concerns over fiscal risk …

Persistent link: https://www.econbiz.de/10012481646

Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs

Goldberg, Linda S. - 2010

Following a scarcity of dollar funding available internationally to banks and financial institutions, starting in December 2007 the Federal Reserve established or expanded Temporary Reciprocal Currency Arrangements with fourteen foreign central banks. These central banks had the capacity to use...

Persistent link: https://www.econbiz.de/10012462892

Macroeconomic Interdependence and the International Role of the Dollar

Goldberg, Linda S. - 2008

The U.S. dollar holds a dominant place in the invoicing of international trade, along two complementary dimensions. First, most U.S. exports and imports invoiced in dollars. Second, trade flows that do not involve the United States are also substantially invoiced in dollars, an aspect that has...

Persistent link: https://www.econbiz.de/10012464827

On the Divergence between CPI and PPI as Inflation Gauges : The Role of Supply Chains

Wei, Shang-Jin - 2018

in tandem within a given country around the world, but start to diverge after 2000. Understanding the source of …

Persistent link: https://www.econbiz.de/10012453395

International Transmissions of Monetary Shocks : Between a Trilemma and a Dilemma

Han, Xuehui - 2016

This paper re-examines international transmissions of monetary policy shocks from advanced economies to emerging market economies. In terms of methodologies, it combines three novel features. First, it separates co-movement in monetary policies due to common shocks from spillovers of monetary...

Persistent link: https://www.econbiz.de/10012455868

Banking Globalization, Transmission, and Monetary Policy Autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10012459165

From the Financial Crisis to the Real Economy : Using Firm-level Data to Identify Transmission Channels

Claessens, Stijn - 2011

Using accounting data for 7722 non-financial firms in 42 countries, we examine how the 2007-2009 crisis affected firm performance and how various linkages propagated shocks across borders. We isolate and compare effects from changes in external financing conditions, domestic demand, and...

Persistent link: https://www.econbiz.de/10012461298

Global Liquidity : Drivers, Volatility and Toolkits

Goldberg, Linda S. - National Bureau of Economic Research - 2023

conditions like risk sentiment, discussed in the context of the global financial cycle, depends on the characteristics and … provides policy-relevant lessons. International spillovers of monetary policy and risk sentiment through global liquidity … partially alleviated. However, risk migration across types of financial intermediaries underscores the importance of advancing …

Persistent link: https://www.econbiz.de/10014322743