Akinci, Ozge; Kalemli-Ozcan, Sebnem; Queralto, Albert - 2022
exogenous increase in U.S.-specific uncertainty, modeled as higher volatility in U.S. assets, leads to higher risk premia in …Foreign investors' changing appetite for risk-taking has been shown to be a key determinant of the global financial … cycle. Such fluctuations in risk sentiment also correlate with the dynamics of uncovered interest parity (UIP) premia …