| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20820 |
| 来源ID | Working Paper 20820 |
| International Currency Exposures, Valuation Effects, and the Global Financial Crisis | |
| Agustín S. Bénétrix; Philip R. Lane; Jay C. Shambaugh | |
| 发表日期 | 2015-01-12 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We examine the evolution of international currency exposures, with a particular focus on the 2002-12 period. During the run up to the global financial crisis, there was a widespread shift towards positive net foreign currency positions, such that relatively few countries exhibited the archetypal emerging-market \short foreign currency" position on the eve of the global financial crisis. During the crisis, the upheaval in currency markets generated substantial currency-generated valuation effects - much of which were not reversed. There is some evidence that the distribution of valuation effects was stabilizing in the sense of showing a negative covariation pattern with pre-crisis net foreign asset positions. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w20820 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578495 |
| 推荐引用方式 GB/T 7714 | Agustín S. Bénétrix,Philip R. Lane,Jay C. Shambaugh. International Currency Exposures, Valuation Effects, and the Global Financial Crisis. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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