Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:COVID19 

Working Paper
The Hedging Channel of Exchange Rate Determination

We document the exchange rate hedging channel that connects country-level measures of net external financial imbalances with exchange rates. In times of market distress, countries with large positive external imbalances (e.g. Japan) experience domestic currency appreciation, and crucially, forward exchange rates appreciate relatively more than the spot after adjusting for interest rate differentials. Countries with large negative foreign asset positions experience the opposite currency movements. We present a model demonstrating that exchange rate hedging coupled with intermediary constraints ...
International Finance Discussion Papers , Paper 1283

Speech
The Economic Outlook for Delaware and the Nation Amid COVID-19

Patrick T. Harker, president and CEO of the Federal Reserve Bank of Philadelphia, told the Delaware State Chamber of Commerce that he foresees an uneven economic recovery for the state. He presented his remarks via conference call.
Speech

FILTER BY Series

FILTER BY Content Type

Speech 1 items

Working Paper 1 items

FILTER BY Author

FILTER BY Jel Classification

E44 1 items

F31 1 items

F32 1 items

F41 1 items

G11 1 items

G15 1 items

show more (3)

FILTER BY Keywords

COVID19 2 items

Covered interest rate parity 1 items

Currency options 1 items

Exchange rate 1 items

Forward 1 items

Global imbalance 1 items

show more (2)

PREVIOUS / NEXT