Truly honored to present my NBER working paper on the central-bank reserve balance-sheet channel in which large reserve stocks can deter speculative pressure by signaling credible dollar-liquidity capacity,…
A short paper is not necessarily a small idea. It can isolate one central result and become the starting point for a broader paper with richer mechanisms, stronger…
Last week, I attended a conference in Greece organized by the University of Piraeus. During the conference, an economist from the Bundesbank told me that this blog was…
NEW WORKING PAPER: This paper studies the role of foreign exchange and gold reserves in mitigating the US monetary policy spillovers to exchange rates at times of geopolitical…
I am pleased to share that I am part of the Scientific Committee of the International Conference on Trade Wars, Geopolitical Fragmentation and Repercussions for Financial and Monetary…
In this blog, I will leverage my yesterday’s blog to analyze the daily exchange rate dynamics between the US 2024 Presidential Election and the Tariff Deadline. I am…
In this blog, I will show you how to download and plot daily bilateral exchange rates. The data comes from the BIS, and the code used in this blog…
In this blog, I will show you how to download and plot high-frequency data (HFD) for the EURUSD currency pair. The data comes from Polygon.io (you need to…
I am delighted to announce that I have been ranked 1st in the visiting program of the University of Macerata. Besides, I am extremely grateful to my colleague…
After Yesterday’s post on how to get access to daily data for exchange rate from the BIS using Python. Here, I add a Stata code snippet to investigate…
The Bank for International Settlements provides access to daily exchange rates. It may be interesting to plot the evolution of exchange rates since the Inauguration Day of the…
NEW PUBLICATION: This research provides novel empirical evidence about the exchange rate reaction to international organization loans and geopolitical preferences using an unbalanced panel of 153 countries observed…
NEW WORKING PAPER: This research provides novel empirical evidence about the exchange rate reaction to international organization loans and geopolitical preferences using an unbalanced panel of 153 countries…
It was a real pleasure to present my paper, written with Joshua Aizenman, Toan D. L. Hyun, Sy-Hoa Ho, and Gazi S. Uddin, on the usefulness of international…
Commerce is a cure for the most destructive prejudices…wherever we find agreeable manners, there commerce flourishes; and that wherever there is commerce, there we meet with agreeable manners.…
Last week, I saw this picture in a post written by Ziad Daoud, the Chief Emerging Markets Economist at Bloomberg. It would be interesting to explore if ex-ante…
In this blog, I will show you how to compute descriptive statistics by country in a panel data thanks to the Stata command putexcel in a few simple…
NEW WORKING PAPER: We assess the impact of China’s bilateral political relations with three main trading partners—the US, Germany, and the UK—on current account balances and exchange rates,…
I have the great pleasure and honor of having 3 of my recent works included in the program of the 71st Congress of the French Economic Association (AFSE).…
A good way to visualize the effects of the international monetary system during the Bretton Wood era is to plot exchange rates over a long run period for…
NEW PUBLICATION: This paper was written last year with my friend Sy-Hoa Ho. We met ten years ago in the University of Paris North during the preparation of…
The demand for money is likely to depend upon the exchange rate in addition to the interest rate and the level of income; this would slightly reduce the…
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