Warnock, Francis E. - 2009
global wealth of an unanticipated shock to US financial markets. For every 10 per cent decline in the dollar, US equity … markets, and US bond markets, total wealth losses to foreigners could amount to about 5 percentage points of foreign GDP. Four … and emerging markets (scaled by GDP) are very similar; and (iv) based on their reserves position alone, wealth losses of …
