The relative strength of the U.S. dollar does not explain the cross-section of expected returns. We find, however, that signed sensitivity of individual firms' returns to moves in dollar strength matters for asset pricing. A portfolio that goes long high-dollar-sensitivity stocks and short...

In this study, I constructed a news based economic policy uncertainty (EPU) index for Pakistan using an unsupervised algorithm and natural language processing (NLP) techniques that does not requires any human classified pre-labelled data. For that purpose, I extracted newspaper articles through...

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...