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The People's Republic of China (PRC)'s current account surplus, its growing foreign exchange reserves, and its shifting policies on exchange rate adjustment have become a central preoccupation of United States (US) trade policy. The paper considers the evolving political economy of the US policy...
Persistent link: https://www.econbiz.de/10013117881
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world …
Persistent link: https://www.econbiz.de/10013210469
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world …
Persistent link: https://www.econbiz.de/10011586659
-level database on emergency declarations triggered by natural disasters and estimate their impacts with a monthly Global Vector …
Persistent link: https://www.econbiz.de/10014552864
Official holdings of US dollar reserves are partly invested outside the United States. These offshore investments do not strictly speaking finance the US current account, but do support the US dollar. Offshore holdings grow fast when intervention is large
Persistent link: https://www.econbiz.de/10013092677
The U.S. dollar exchange rate clears the global market for dollar-denominated safe assets. We find that shifts in the demand and supply of safe dollar assets are important drivers of variation in the dollar exchange rate, bond yields, and other global financial variables. An increase in the...
Persistent link: https://www.econbiz.de/10012244483
I survey the role of geopolitics and sanctions risk in shaping the U.S. dollar's status as the primary currency used for international reserves. Without changes in the economic incentives for holding FX reserves in U.S. dollar assets, an increased threat of sanctions is unlikely to drastically...
Persistent link: https://www.econbiz.de/10014243407
We conduct a review of the existing academic literature to outline possible links between climate change and inequality in the United States. First, researchers have shown that the impact of both physical and transition risks may be uneven across location, income, race, and age. This is driven...
Persistent link: https://www.econbiz.de/10012660379
This paper places the COVID-19 pandemic into perspective by comparing it to other recent disasters in terms of impacts … analysis, as well as estimates this approach yields on economic impacts of 9/11, a variety of natural disasters, the Great …-made disasters, it is reasonable to question whether adequate investments are being made to prevent future pandemics …
Persistent link: https://www.econbiz.de/10013242148
Persistent link: https://www.econbiz.de/10011412931