Has the recent wave of capital controls and prudential FX measures been effective in promoting exchange rate stability? We tackle this question by studying a panel of 25 countries/currencies from July 1st , 2009 to June 30, 2011. We calculate daily measures of exchange rate volatility, absolute...

This paper provides a comprehensive survey of existing measures of uncertainty, risk, and volatility, noting their conceptual distinctions. It summarizes how they are constructed, their relative advantages in usage, and their effects on financial market and economic outcomes. The measures are...

This paper evaluates the popular view that quantitative easing exerts greater international spillovers than conventional monetary policies. We employ a novel approach to compare the international spillovers of conventional and balance sheet policies undertaken by the Federal Reserve. In...