Pricing Risk Globally: Intermediary Constraints, the Dollar, and the Global Financial Cycle
收藏NBER2022-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30026
下载链接
链接失效反馈官方服务：
资源简介：
We study how increased uncertainty about U.S. asset returns affects global asset prices and exchange rates in a two-country model with intermediary balance-sheet constraints. Empirically, uncertainty shocks widen global credit spreads, appreciate the dollar, and increase currency risk premia. In our
提供机构：
美国国家经济研究局创建时间：
2022-05-01
