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Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar

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NBER2023-12-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w31937
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资源简介:
Since 2007, an increase in risk or risk aversion has resulted in a US dollar appreciation and greater deviations from covered interest parity (CIP). In contrast, prior to 2007, risk had no impact on the dollar, and CIP held. To explain these phenomena, we develop a two-country model featuring (i)
提供机构:
美国国家经济研究局
创建时间:
2023-12-01
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