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,…
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…
The joint rise in Chinese and Russian gold reserves since the 2000s is more than a portfolio story. It also reflects a geopolitical realignment that became increasingly visible…
How do the shares of the USD reserves in total reserves since 2012? The map reveals a divergent adjustment in reserve currency composition since 2012. The US dollar’s…
The Chiṭu-Eichengreen-Mehl Global Currencies Database (CEMGCD) has been released and you can explore fascinating multiple databases provided in the following website: https://globalcurrenciesdatabase.com/publications-datasets For people interested in panel time…
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