We examine the impact of the Russia-Ukraine war on the value of global currencies against the USD using event study methodology and market model estimates. We show that the Russia-Ukraine conflict had a negative impact on the value of the global currencies; however, a region-by-region analysis...

We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...

Undesirable real effects have been attributed to floating exchange rates in general, and the 1980-83 appreciation of the dollar in particular.In the appreciating country, the U.S., export industries lose competitiveness and so output falls. In the other country, say Europe, the exchange rate...

As we enter the 2020s, the United States Dollar (“USD”) is entrenched as the most important currency—the preeminent global currency. The vast majority of global trade is conducted in USD; sovereign central banks retain USD as their majority reserve holding and crude oil is traded (mostly)...