Federal Reserve Bank of Dallas
Reserve Adequacy Explains Emerging-Market Sensitivity to U.S. Monetary Policy
Emerging economies that borrow in U.S. dollars are sensitive to U.S. monetary policy due to changing exchange rates. However, the marginal effect of this sensitivity is determined by the relative amount of U.S. dollars held in reserve.
Cite this item
J. Scott Davis & Dan Crowley & Michael Morris, "Reserve Adequacy Explains Emerging-Market Sensitivity to U.S. Monetary Policy"
, Federal Reserve Bank of Dallas, Economic Letter, volume 13, issue 9, pages 1-4, December 2018.
This item with handle RePEc:fip:feddel:00064
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