Bitesize: Emerging market currency risk: evidence from the COVID-19 crisis
BankUnderground
JULY 24, 2020
A striking regularity around global economic crises is that the dollar tends to appreciate sharply against emerging market (EM) currencies as capital flows out of EMs. In a recent CEPR e-book chapter , we compare recent exchange rate moves and capital flow adjustments to past global crises. for 2005-2020. over a 6-month period.
Let's personalize your content