.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U ….S. dollar appreciation against all other currencies in the world predicts a 0.6-0.8 percent decline within a year in the volume … of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel …

How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the …

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar …

-technological innovation. In a sample consisting of 55 countries, we measure FX uncertainty using the unexpected FX volatility and then show …

volatility, capital account openness, legal development, and the nature of the exchange rate regime. -- Uncovered interest parity …