Strong institutions usually reassure investors. The 2024 US presidential election revealed a different pattern: currencies of countries with stronger institutions depreciated more against the dollar, and the difference…
In this blog, I will show you how to use the eventdd Stata package with high-frequency data. This Stata package has been developed by Damian Clarke and Kathya…
NEW PUBLICATION: This paper investigates how institutional quality shaped currency responses to the 2024 U.S. presidential election, using high-frequency exchange rate data for 73 countries. We document that…
Truly honored to present our NBER Working Paper, written with Joshua Aizenman, Hiro Ito, Donghyun Park, and Gazi Salah Uddin at the Central Bank of the Republic of Türkiye during…
Truly honored to present our NBER Working Paper, written with Joshua Aizenman, Hiro Ito, Donghyun Park, and Gazi Salah Uddin at the National Bank of Slovakia during a research seminar…
Truly honored to present our NBER Working Paper, written with Joshua Aizenman, Hiro Ito, Donghyun Park, and Gazi Salah Uddin at the Bank of Latvia during a research seminar on…
Recently, I had a very bad experience with a referee report. Basically, he/she told me that our paper has too many tables and that the number of tables…
Truly honored to present our NBER Working Paper, written with Joshua Aizenman, at the Birkbeck College during a research seminar on Thursday 10 July 2025 (London 2:00 PM). I am…
Truly honored to present our NBER Working Paper, written with Joshua Aizenman, at the Bank of Korea during a research seminar on Friday 18 July 2025 (Seoul 10:30 AM). I…
I am delighted to announce that I will be in Edinburgh at the beginning of the next week for the 4th CINSC/2025 INFINITI. This International Conference is organized by the…
Truly honored to present our Monash Discussion Paper, written with Russell Smyth and Joaquin Vespignani, at the BOFIT (Bank of Finland) research seminar on Tuesday 29 April 2025 (Paris 9:30…
In a recent NBER WP, Joshua Aizenman and I examine the behavior of exchange rates around the 2024 US presidential election. In a previous post, I present this…
Tomorrow, I will present a recent research written with Joshua Aizenman at the 4th IEAP Meeting: Investor Emotions & Asset Pricing in Lille at the IAE Lille. The…
NEW WORKING PAPER: This paper is a case study of the exchange rate adjustments during the first week following the swapping US election results. We compute three measures…
Very honored to contribute my fifth guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. Remarks and comments are welcome, as always: https://econbrowser.com/. The other posts…
In our last research, Joshua Aizenman and I examine the behavior of exchange rates after the 2024 US Presidential election. Our identification strategy for the causality relies on…
NEW WORKING PAPER: This paper is a case study of the exchange rate adjustments during the first week following the swapping US election results. We compute three measures…
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