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U.S. dollar risk premiums and capital flows /
This paper sheds light on the attractiveness of U.S. assets by studying dollar risk premiums, calculated using Consensus exchange rate forecasts, and linking them to bilateral capital flows. The paper finds that the presence of negative dollar risk premiums (i.e. expectations of a dollar depreciatio...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/160. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Balakrishnan, Ravi, |e author. | |
| 245 | 1 | 0 | |a U.S. dollar risk premiums and capital flows / |c prepared by Ravi Balakrishnan and Volodymyr Tulin. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©2006. | ||
| 300 | |a 1 online resource (27 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/06/160 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a This paper sheds light on the attractiveness of U.S. assets by studying dollar risk premiums, calculated using Consensus exchange rate forecasts, and linking them to bilateral capital flows. The paper finds that the presence of negative dollar risk premiums (i.e. expectations of a dollar depreciation net of interest rate effects) amid record capital inflows could suggest that investors may favor U.S. assets for structural reasons. One possible explanation could be that the Asian crisis created a large pool of savings searching for relatively riskless investment opportunities, which were provided by deep, liquid, and innovative U.S. financial markets with robust investor protection. Moreover, the continued attractiveness of U.S. financial markets to European investors suggests that they offer a large array of assets, with different risk/return characteristics, that facilitate the structuring of diversified investment portfolios. Looking forward, this suggests that the allocative efficiency of U.S. financial markets could mitigate risks of a disorderly unwinding of global current account imbalances. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a ""Contents""; ""I. INTRODUCTION AND SUMMARY""; ""II. WHAT ARE RISK PREMIUMS ON THE DOLLAR AND HOW CAN WE MEASURE THEM? ""; ""III. CAPITAL FLOWS AND RISK PREMIUMS""; ""IV. EXPLAINING RISK PREMIUM MOVEMENTS""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS""; ""DATA AND REGRESSION METHODOLOGY""; ""References"" | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Dollar, American. | |
| 650 | 0 | |a Capital movements. | |
| 650 | 0 | |a Dollar, American |x Econometric models. | |
| 650 | 0 | |a Capital movements |x Econometric models. | |
| 650 | 0 | |a Interest rates |z United States |x Econometric models. | |
| 651 | 0 | |a United States |x Economic conditions. | |
| 651 | 0 | |a United States |x Economic policy. | |
| 650 | 6 | |a Dollar américain |x Modèles économétriques. | |
| 650 | 6 | |a Mouvements de capitaux |x Modèles économétriques. | |
| 650 | 6 | |a Taux de change |x Modèles économétriques. | |
| 650 | 6 | |a Taux d'intérêt |z États-Unis |x Modèles économétriques. | |
| 651 | 6 | |a États-Unis |x Conditions économiques. | |
| 651 | 6 | |a États-Unis |x Politique économique. | |
| 650 | 6 | |a Dollar américain. | |
| 650 | 6 | |a Mouvements de capitaux. | |
| 650 | 7 | |a Interest rates |x Econometric models |2 fast | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Dollar, American |x Econometric models |2 fast | |
| 650 | 7 | |a Capital movements |x Econometric models |2 fast | |
| 650 | 7 | |a Capital movements |2 fast | |
| 650 | 7 | |a Dollar, American |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Tulin, Volodymyr, |e author. | |
| 776 | 0 | 8 | |i Print version: |a Balakrishnan, Ravi. |t U.S. dollar risk premiums and capital flows. |d Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., ©2006 |w (OCoLC)76065332 |
| 830 | 0 | |a IMF working paper ; |v WP/06/160. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014518 |z Texto completo |
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