Emerging Market Economy Exchange Rates and Local Currency Bond Markets Amid the COVID-19 Pandemic
Borrowing through domestic currency bonds has not insulated emerging market economies (EMEs) from the financial shock unleashed by Covid-19; EME local currency bond spreads spiked amid sharp currency depreciations and capital outflows.
Boris Hofmann, Ilhyock Shim, H. Shin
semanticscholar +1 more source
Central Bank Digital Currency: Central Banking For All?
The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits.
Jesús Fernández-Villaverde +3 more
semanticscholar +1 more source
A Survey of Research on Retail Central Bank Digital Currency
This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders.
J. Kiff +10 more
semanticscholar +1 more source
PROBLEMS AND WAYS OF USING CRYPTOCURRENCIES IN THE RUSSIAN FEDERATION
В данной статье рассмотрена проблема восприятия нового вида электронных денег – криптовалют, а также неправильная трактовка цифровых финансовых активов, изучаются основные проблемы и возможность использования нового вида финансового актива.
Feitulla N. Verdikhanov +2 more
doaj +1 more source
Hedge your costs: exchange rate risk and endogenous currency invoicing [PDF]
The choice of invoicing currency for trade is crucial for the international transmission of macroeconomic policy. This paper develops a three-country model that endogenizes the choice of invoicing currency and that allows for a share of firms' costs to ...
Novy, Dennis
core +3 more sources
Hedging the exchange rate risk in international portfolio diversification : currency forwards versus currency options [PDF]
As past research suggest, currency exposure risk is a main source of overall risk of international diversified portfolios. Thus, controlling the currency risk is an important instrument for controlling and improving investment performance of ...
Maurer, Raimond, Valiani, Shohreh
core +1 more source
Leading Indicators of Currency Crises
This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis ...
G. Kaminsky +2 more
semanticscholar +1 more source
Investment preferences of the population of Ukraine: response to shocks of martial law
The article contains the results of the analysis of the investment behaviour of Ukrainian households in the crisis caused by external armed aggression.
Bereslavska O. I. +2 more
doaj +1 more source
Using First Name Information to Improve Race and Ethnicity Classification
This article uses a recent first name list to develop an improvement to an existing Bayesian classifier, namely the Bayesian Improved Surname Geocoding (BISG) method, which combines surname and geography information to impute missing race/ethnicity.
Ioan Voicu
doaj +1 more source
MACROPRUDENTIAL INSTRUMENTS USED BY EASTERN EUROPEAN COUNTRIES [PDF]
The recent financial crisis has highlighted the lack of analytical frameworks to help predict the global financial imbalances. The recent financial crisis has determined an increasing number of countries to use macroprudential instruments, in order to ...
Dragos Gabriel Turliuc +1 more
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