A handful of currencies, especially the US dollar, play a dominant role in international trade.
We survey the active theoretical and empirical literature that documents patterns of currency …

This study analyzes the influence of geopolitical uncertainty on the degree of exchange rate
pass-through (ERPT) into domestic prices for a sample of advanced and emerging …

We document a decline in the dollar share of international reserves since 1999. This decline
reflects active portfolio diversification by central bank reserve managers, rather than …

We review the literature on the empirical characteristics of the global financial cycle and
associated stylized facts on international capital flows, asset prices, risk aversion, and …

This paper employs an updated algorithm and database for classifying exchange rate and
anchor currency choice, to explore the evolution of the global exchange rate system …

The US dollar's nominal effective exchange rate closely tracks global financial conditions,
which themselves show a cyclical pattern. Over that cycle, world asset prices, leverage, and …

We investigate the drivers of the recent inflation in three currency areas: the United States,
the euro area, and the United Kingdom. To do so, we use a VAR set-up to examine the …

For most of the last century, the preeminent role of the US dollar in the global economy has
been supported by the size and strength of the US economy, its stability and openness to …

We compare the macroeconomic and financial spillovers of the unconventional monetary
policies of the Fed and the ECB. Monetary policy tightenings in the two areas are followed …

Export-Import Theory, Practices, and Procedures is the first book on the topic aimed squarely
at the academic audience. Discussing theoretical issues in depth, this innovative textbook …