 | 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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| Seven Finance & Trade Lessons from COVID-19 for Future Pandemics Author/Editor: Ruchir Agarwal, Gita Gopinath. Release Date:May, 2022 Pandemics and epidemics pose risks to lives, societies, and economies, and their frequency is expected to increase as rising trade and increased human interaction with animals leads to the emergence more...
| Price: $20.00
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| A Global Strategy to Manage the Long-Term Risks of COVID-19 Author/Editor: Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, Peter Sands. Release Date:April, 2022 The pandemic is not over, and the health and economic losses continue to grow. It is now evident that COVID-19 will be with us for the long term, and there are very different scenarios for how it more...
| Price: $5.00
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| Preemptive Policies and Risk-Off Shocks in Emerging Markets Author/Editor: Mitali Das, Gita Gopinath, Şebnem Kalemli-Özcan. Release Date:January, 2022 We show that preemptive capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable more...
| Price: $5.00
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| U.S. Dollar Currency Premium in Corporate Bonds Author/Editor: John Caramichael, Gita Gopinath, Gordon Y Liao. Release Date:July, 2021 We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that more...
| Price: $5.00
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 | Dominant Currencies and External Adjustment Author/Editor: Gustavo Adler, Camila Casas, Luis M Cubeddu, Gita Gopinath, Nan Li, Sergii Meleshchuk, Carolina Osorio Buitron, Damien Puy, Yannick Timmer. Release Date:July, 2020 The extensive use of the US dollar when firms set prices for international trade (dubbed dominant currency pricing) and in their funding (dominant currency financing) has come to the forefront of more...
| Price: $10.00
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| Patterns in Invoicing Currency in Global Trade Author/Editor: Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl, Tra Nguyen. Release Date:July, 2020 This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, more...
| Price: $18.00
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| A Conceptual Model for the Integrated Policy Framework Author/Editor: Suman S Basu, Emine Boz, Gita Gopinath, Francisco Roch, Filiz D Unsal. Release Date:July, 2020 In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework abstracts from many real world imperfections, more...
| Price: $18.00
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| Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy Author/Editor: Alberto Cavallo, Gita Gopinath, Brent Neiman, Jenny Tang. Release Date:November, 2019 We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on more...
| Price: $18.00
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| Dominant Currency Paradigm: A New Model for Small Open Economies Author/Editor: Camila Casas, Federico Diez, Gita Gopinath, Pierre-Olivier Gourinchas. Release Date:November, 2017 Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark
and its variants focus on pricing in the producer’s currency or in local currency. We
model more...
| Price: $18.00
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