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Long-Term Capital Movements
Lane, Philip R.; Milesi-Ferretti, Gian Maria - 2021
the world. In this paper, we show that a small set of fundamentals--shifts in relative output levels, the stock of public …
Persistent link: https://www.econbiz.de/10013228610
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The Long or Short of it : Determinants of Foreign Currency Exposure in External Balance Sheets
Lane, Philip R.; Shambaugh, Jay - 2021
A major focus of the recent literature on the determination of optimal portfolios in open-economy macroeconomic models has been on the role of currency movements in determining portfolio returns that may hedge various macroeconomic shocks. However, there is little empirical evidence on the...
Persistent link: https://www.econbiz.de/10013211687