Showing 1 - 10 of 10,667
Persistent link: https://www.econbiz.de/10001315546
Persistent link: https://www.econbiz.de/10009530006
Persistent link: https://www.econbiz.de/10013190567
Persistent link: https://www.econbiz.de/10012485108
Persistent link: https://www.econbiz.de/10013420824
the world earning a positive net investment income. To rationalize this phenomenon, I propose a different theory about the … dollar exchange rate. In the model, world financial intermediaries demand US safe assets for their convenience value, but US … intermediaries do not demand foreign safe assets. Under an aggregate symmetric financial shock, the rest of the world buys more safe …
Persistent link: https://www.econbiz.de/10013475535
Persistent link: https://www.econbiz.de/10011435697
This paper provides a broad empirical examination of the major currencies' roles in international capital markets, with a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for international financing as well as for international...
Persistent link: https://www.econbiz.de/10009767695
Persistent link: https://www.econbiz.de/10013491218