 | Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings Author/Editor: Mitali Das, Gita Gopinath, Taehoon Kim, Jeremy C Stein. Release Date:January, 2023 This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We more...
| Price: $20.00
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| Systematizing Macroframework Forecasting: High-Dimensional Conditional Forecasting with Accounting Identities Author/Editor: Sakai Ando, Taehoon Kim. Release Date:June, 2022 Forecasting a macroframework, which consists of many macroeconomic variables and accounting identities, is widely conducted in the policy arena to present an economic narrative and check its more...
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| The Premia on State-Contingent Sovereign Debt Instruments Author/Editor: Deniz O Igan, Taehoon Kim, Antoine Levy. Release Date:December, 2021 State-contingent debt instruments such as GDP-linked warrants have garnered attention as a potential tool to help debt-stressed economies smooth repayments over business cycles, yet very few studies more...
| Price: $5.00
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| Safe Asset Demand, Global Capital Flows and Wealth Concentration Author/Editor: Taehoon Kim. Release Date:October, 2021 The US economy is often referred to as the banker to the world, due to its unique role in supplying global reserve assets and funding foreign risky investment. This paper develops a general more...
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