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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double … monetary system, in which all the countries have a decision weight. In particular, I think that globalization and …
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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar … monetary system of block regional currencies. Globalization and regionalization should be the two forces leading towards the …
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The U.S. dollar exchange rate clears the global market for dollar-denominated safe assets. We find that shifts in the demand and supply of safe dollar assets are important drivers of variation in the dollar exchange rate, bond yields, and other global financial variables. An increase in the...
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