This paper examines the linkages between the Eurodollar and U.S. domestic financial markets. Despite the fact that these markets are characterized by rapid arbitrage of interest rate differentials, it
In recent years, the international community has witnessed many crisis events, and the Russia-Ukraine war, which broke out on 24th February 2022, has increased international policy uncertainty and imp
The paper explores empirically the tight links between exchange rates and the global network of equity holdings. Exchange rates can be expressed in terms of equity net currency supplies, i.e. local cu
