Showing 1 - 10 of 9,885
Persistent link: https://www.econbiz.de/10011327165
There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...
Persistent link: https://www.econbiz.de/10008901495
There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...
Persistent link: https://www.econbiz.de/10013131638
Persistent link: https://www.econbiz.de/10010220043
Persistent link: https://www.econbiz.de/10012132186
Persistent link: https://www.econbiz.de/10001674543
Persistent link: https://www.econbiz.de/10012485108
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
This note reviews the four central parity conditions that underlie most theories regarding the relationship between exchange rates, inflation, and interest rates. The concepts are illustrated through a unified example exploring the relation between the US dollar and the Norwegian krone. The note...
Persistent link: https://www.econbiz.de/10012857566
Persistent link: https://www.econbiz.de/10001147096