We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o … without a currency hedge and about the same with a currency hedge when compared to the euro. This observed parity in currency … short maturities, attributes similar to those of safe sovereigns. Finally, we find that firms flexibly adjust the currency …

the terms of trade and real exchange rates in a three-country open economy model of the U.S., China, and other emerging …

current account of the United States—the dominant reserve currency issuer with the deepest and most liquid bond markets—with a …