I’ve spent the last week seeing lots of presentations on macro and international finance. Of particular interest are some papers on interest rate parity:
Category Archives: international
Nontraditional Reserve Holdings, Through 2022
…although incomplete data for 2022.
Reserve De-Dollarization in Progress?
More articles on dollar dominance, e.g. in Foreign Policy, Wells Fargo, vs. BitcoinNews. But most of the discussion centers on dollar use in terms medium of exchange etc. (SWIFT use, invoicing). Here, some recent trends for the reserve dimension.
Chinn, Frankel and Ito: “The Dollar versus the Euro as International Reserve Currencies”
The abstract from article (free access to August 11) forthcoming in the Journal of International Money and Finance [link to ungated working paper version]:
Eswar Prasad: “Top Dollar”
From a just-published article in Foreign Affairs:
Senator Theoden* on ZeroHedge Debate on X Spaces
Doing a great imitation of Neville Chamberlain.
“Sectoral debt and global dollar cycles in developing economies”
On Zoom, presentation by Joshua Aizenman of paper coauthored with Bada Han, Rashad Ahmed, and Yothin Jinjarak.
“Do Foreign Yield Curves Predict U.S. Recessions and GDP Growth?”
Yes! From Rashed Ahmed and Menzie Chinn, just published in the Journal of Money, Credit and Banking.
Handbook of Financial Integration
Guest Contribution: “EU Carbon Border Adjustment Could Facilitate a Global Climate Solution”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier version appeared at Project Syndicate. He would like to thank Kim Clausing, Rob Stavins, and Catherine Wolfram for useful comments.