國立虎尾科技大學 |

Language: English

Back

External Debt, Currency Risk, and In...

ProQuest Information and Learning Co.

External Debt, Currency Risk, and International Monetary Policy Transmission.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	External Debt, Currency Risk, and International Monetary Policy Transmission./
Author:	Wiriadinata, Ursula.
Description:	1 online resource (82 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.
Contained By:	Dissertation Abstracts International79-11A(E).
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9780438088061

External Debt, Currency Risk, and International Monetary Policy Transmission.
Wiriadinata, Ursula.

External Debt, Currency Risk, and International Monetary Policy Transmission. - 1 online resource (82 pages)

Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.

Thesis (Ph.D.)--The University of Chicago, 2018.

Includes bibliographical references

I argue that countries' dollar-denominated net external debt (dollar debt) helps explain the large differences in risk premia across currencies and how U.S. monetary policy affects the global economy. When the U.S. dollar strengthens, the real value of dollar debt increases, weakening the currencies of countries with large amounts of dollar debt and impeding their consumptions. Because the dollar tends to strengthen in bad times, high-dollar-debt currencies are bad hedges and thus have to offer high risk premia. My empirical findings support this idea. First, dollar debt captures exchange-rate and debt-issuance responses to U.S. monetary policy shocks. Second, dollar debt captures the cross-sectional variation in currency risk premia. I develop a general equilibrium model with financial frictions and currency choice of debt denomination that corroborates my findings.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780438088061Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

External Debt, Currency Risk, and International Monetary Policy Transmission.
LDR:02130ntm a2200337Ki 4500 001 918676
005 20181030085012.5
006 m o u
007 cr mn||||a|a||
008 190606s2018 xx obm 000 0 eng d
020 $a 9780438088061
035 $a (MiAaPQ)AAI10809542
035 $a (MiAaPQ)uchicago:14350
035 $a AAI10809542
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Wiriadinata, Ursula. $3 1193064
245 1 0 $a External Debt, Currency Risk, and International Monetary Policy Transmission.
264 0 $c 2018
300 $a 1 online resource (82 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.
500 $a Advisers: Fernando Alvarez; Lubos Pastor.
502 $a Thesis (Ph.D.)--The University of Chicago, 2018.
504 $a Includes bibliographical references
520 $a I argue that countries' dollar-denominated net external debt (dollar debt) helps explain the large differences in risk premia across currencies and how U.S. monetary policy affects the global economy. When the U.S. dollar strengthens, the real value of dollar debt increases, weakening the currencies of countries with large amounts of dollar debt and impeding their consumptions. Because the dollar tends to strengthen in bad times, high-dollar-debt currencies are bad hedges and thus have to offer high risk premia. My empirical findings support this idea. First, dollar debt captures exchange-rate and debt-issuance responses to U.S. monetary policy shocks. Second, dollar debt captures the cross-sectional variation in currency risk premia. I develop a general equilibrium model with financial frictions and currency choice of debt denomination that corroborates my findings.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
650 4 $a Economics. $3 555568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of Chicago. $b Business. $3 1179073
773 0 $t Dissertation Abstracts International $g 79-11A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10809542 $z click for full text (PQDT)

based on 0 review(s)

Multimedia

Reviews

Add a review and share your thoughts with other readers

Export

pickup library