De Bock, Reinout; de Carvalho Filho, Irineu - In: Journal of International Money and Finance 53 (2015) C, pp. 218-234
Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen, Swiss franc, and U.S. dollar appreciate against other G-10 and emerging market...
