with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

significant increase in average exports per firm (the intensive margin), while the aggregate export response is mainly driven by … highlight an "export supply channel" of exchange rates in a world with dominant currencies, deepen our understanding of …Dominant currency pricing (DCP) weakens the demand-side effects of exchange rate changes on exports (Gopinath et al …

supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …