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Emerging from the war : gold standard mentality, current accounts and the international business cycle 1885 - 1939

Hoffmann, Mathias; Woitek, Ulrich - 2011 - This version: December 2011

We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We...

Persistent link: https://www.econbiz.de/10009741030

Emerging from the war : gold standard mentality, current accounts and the international business cycle 1885 - 1939

Hoffmann, Mathias; Woitek, Ulrich - 2011

Persistent link: https://www.econbiz.de/10009499831

Corporate Basis and the International Role of The U.S. Dollar

Shi, Zhan; Viswanath-Natraj, Ganesh; Wang, Junxuan - 2022

The corporate basis measures the pricing difference between dollar and foreign currency bonds issued by the same corporate entity. In this paper, we decompose the basis into a risky asset yield spread, a safe asset convenience yield, and FX hedging costs with the covered interest rate parity...

Persistent link: https://www.econbiz.de/10013406185

The impacts of global risk and US monetary policy on US Dollar exchange rates and excess currency returns

Bernoth, Kerstin; Herwartz, Helmut; Trienens, Lasse - 2023

related to global risk aversion and the convenience yield that investors are willing to pay for holding US Dollar assets. A …

Persistent link: https://www.econbiz.de/10014305726

Capital liberalization and the US external imbalance

Prades, Elvira; Rabitsch, Katrin - 2009

consumption risk relative to the rest of the world, and therefore decreases its motives for precautionary asset holdings relative … the presence of borrowing and lending constraints on that bond. In a US versus the rest of the world (RoW) scenario, we … to the rest of the world. As a result of these asymmetric shifts in countries’ barriers to capital mobility, the US runs …

Persistent link: https://www.econbiz.de/10003919579

Frequency aspects of information transmission in a network of three Western equity markets

Schmidbauer, Harald; Rösch, Angi; Uluceviz, Erhan - 2016

Cycles in the behavior of stock markets have been widely documented. There is an increasing body of literature on whether stock markets anticipate business cycles or its turning points. Several recent studies assert that financial integration impacts positively on business cycle comovements of...

Persistent link: https://www.econbiz.de/10011609909

Essays in international macroeconomics

Scholl, Almuth - 2006

Persistent link: https://www.econbiz.de/10003315521

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10011509484

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

Persistent link: https://www.econbiz.de/10001807127

International capital flows and speculation

Hayward, Rob; Gregoriou, Andros - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-12

In response to questions about the relative importance of different types of capital flow for international competitiveness, we develop a structural vector auto-regressive model of the real exchange rate and international capital flows. We reveal that innovations to speculative sentiment cause...

Persistent link: https://www.econbiz.de/10012533969

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