Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10001337640
Persistent link: https://www.econbiz.de/10001747250
A growing body of research emphasizes the direct impact of exchange rate movements on the value of U.S. foreign assets. Because a substantial amount of U.S. assets are denominated in foreign currencies, a depreciation of the dollar leads to large capital gains. First, we present a detailed...
Persistent link: https://www.econbiz.de/10003179750
Persistent link: https://www.econbiz.de/10003749015
The pattern of international trade adjustment is affected by the continuing international role of the dollar and related evidence on exchange rate pass-through to prices. This paper argues that a depreciation of the dollar would have asymmetric effects on flows between the United States and its...
Persistent link: https://www.econbiz.de/10010283320
Sustained large U.S. current account deficits have led some economists and policymakers to worry that future current account adjustment could occur through a sudden and disruptive depreciation of the dollar and a sharp drop in U.S. consumption. Two factors that, to date, have cast doubt on such...
Persistent link: https://www.econbiz.de/10010283364
Although currency invoicing in international trade transactions is central to the transmission of monetary policy, the forces motivating the choice of currency have long been debated. We introduce a model wherein agents involved in international trade can invoice in the exporter's currency, the...
Persistent link: https://www.econbiz.de/10010283454
Persistent link: https://www.econbiz.de/10001606262
Persistent link: https://www.econbiz.de/10001419391
Persistent link: https://www.econbiz.de/10001742734