This thesis consists of four chapters that examine different policy relevant economic processes related to exchange rates, interest rates and commodity prices. In the first chapter we empirically analyze the relationship between carry trade positions and some key financial as well as...

We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...