“When we meet companies on the ground, they complain that it’s difficult to sell dollars now. This means there are many variables that could drive dollar demand next year, such as the full-scale ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

This paper estimates, for the first time, the exchange rate elasticity of bilateral trade in services, providing indirect evidence of both producer currency pricing and dominant currency pricing in ...

The government has been flooding the foreign exchange market with dollars to curb soaring exchange rates, but the market is moving contrary to its intentions. When authorities artificially lower the ...