Arteta, Carlos; Kamin, Steven B.; Vitanza, Justin - Federal Reserve Board (Board of Governors of the … - 2009
U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the … currencies, we find that most of the cross-country variation in exchange rate correlations with the dollar and the euro can be … against the euro, the closer it is to the United States and the farther it is from the euro area. In this result, distance …