displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

United States, the issuer of the world’s dominant currency, by causing a dollar appreciation and a transfer of wealth from … the United States to the rest of the world. This dollar appreciation runs counter to the predictions of standard …

A stronger US fiscal condition predicts a higher excess return on the dollar against foreign currencies in the … following year, and more so against foreign currencies with higher dollar betas. Through the lens of a no-arbitrage model, I use … these findings to refine our understanding of the currency factor structure. I find the variation in the dollar's risk …

dollar/Swiss franc and euro/Swiss franc. Generalized impulse responses differ in magnitude and significance between periods …