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across countries except for the United States, as foreign investors hold significant shares of US dollar bonds. The share of … dollar-denominated cross-border holdings surged after 2008 …
Persistent link: https://www.econbiz.de/10012917593
article, we provide evidence suggesting a recent rise in the use of the dollar, and fall of the use in the euro, with similar …
Persistent link: https://www.econbiz.de/10012906266
Persistent link: https://www.econbiz.de/10012906343
The covered interest rate parity (CIP) condition is a fundamental arbitrage relationship in international finance. In this chapter, we review its breakdown during the Global Financial Crisis and its continued failure in the subsequent decade. We review how to measure CIP deviations, discuss the...
Persistent link: https://www.econbiz.de/10013228386
The covered interest rate parity (CIP) condition is a fundamental arbitrage relationship ininternational finance. In this chapter, we review its breakdown during the Global FinancialCrisis and its continued failure in the subsequent decade. We review how to measure CIPdeviations, discuss the...
Persistent link: https://www.econbiz.de/10013228538
global willingness to hold the US dollar, an international currency bias, means that even small US firms that borrow … toward the dollar starting with the 2008 financial crisis, further cementing the dollar's international role and amplifying …
Persistent link: https://www.econbiz.de/10012899333
Persistent link: https://www.econbiz.de/10010227403
Persistent link: https://www.econbiz.de/10011882105
article, we provide evidence suggesting a recent rise in the use of the dollar, and fall of the use in the euro, with similar …
Persistent link: https://www.econbiz.de/10012481057
explain as much as half of the quarterly variation in the US dollar during 2007-2012. We use security-level data on U … in dollar- denominated assets rather than by foreign currency exposure alone. Our results support the narrative emerging … from an active recent literature that the US dollar's role as an international and safe-haven currency has surged since the …
Persistent link: https://www.econbiz.de/10012867019