Currencies of External Balance Sheets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Currencies of External Balance Sheets write by Mr. Cian Allen. This book was released on 2023-11-17. Currencies of External Balance Sheets available in PDF, EPUB and Kindle. This paper assembles a comprehensive dataset of the currency composition of countries’ external balance sheets for 50 economies over the period 1990–2020. We document the following findings: (i) the US dollar and the euro still dominate global external balance sheets; (ii) there were striking changes in the currency composition across countries since the 1990s, with many emerging markets having moved from short to long positions in foreign currency, thus moving away from the so-called “original sin”; (iii) financial and tradeweighted exchange rates are weakly correlated, suggesting the commonly used trade indices do not adequately reflect the wealth effects of currency movements, and (iv) the large wealth transfers across countries during COVID-19 and the global financial crises increased global imbalances in the former, and reduced them in the latter.
External Balance Sheets and the COVID-19 Crisis
External Balance Sheets and the COVID-19 Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook External Balance Sheets and the COVID-19 Crisis write by Galina Hale. This book was released on 2021. External Balance Sheets and the COVID-19 Crisis available in PDF, EPUB and Kindle. At the onset of the COVID-19 economic crisis, as in other crisis episodes, the flight to safety was accompanied by a rapid appreciation of "safe haven" currencies. We quantify currency-induced balance sheet effects for total external positions as well as for individual asset classes using new data on the currency composition of cross-border assets for 48 countries for the first quarter as well as full year 2020. For the first quarter of 2020 we also conduct the stock-flow reconciliation of net international investment positions to measure overall valuation effects. We show that for many countries currency-induced valuation gains mitigated losses that resulted from declining asset prices in the first quarter of 2020. Moreover, for countries with excess capital outflows during this period, the impacts on external balance sheet positions were mitigated by valuation gains. This is because, in contrast with past financial crises, many emerging markets did not experience negative external balance sheet effects from their currency depreciation, partly due to currency-induced valuation gains on equity positions offsetting losses on debt positions, partly due to reduced currency mismatch on their external debt positions.
Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries
Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries write by International Monetary Fund. Policy Development and Review Dept.. This book was released on 2004-01-07. Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries available in PDF, EPUB and Kindle. NULL
International Reserves and Foreign Currency Liquidity
International Reserves and Foreign Currency Liquidity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Reserves and Foreign Currency Liquidity write by International Monetary Fund. Statistics Dept.. This book was released on 2015-01-07. International Reserves and Foreign Currency Liquidity available in PDF, EPUB and Kindle. This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Currency-Induced External Balance Sheet Effects at the Onset of the COVID-19 Crisis
Currency-Induced External Balance Sheet Effects at the Onset of the COVID-19 Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Currency-Induced External Balance Sheet Effects at the Onset of the COVID-19 Crisis write by Galina Hale. This book was released on 2020. Currency-Induced External Balance Sheet Effects at the Onset of the COVID-19 Crisis available in PDF, EPUB and Kindle.
