Search Results

You are looking at 1 - 2 of 2 items

  • Keyword: gross asset positions x
Clear All Modify Search
Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates?

Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates? »

Source: Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates?

Volume/Issue: 2017/291

Series: IMF Working Papers

Author(s): Jonathan Adams , and Philip Barrett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

ISBN: 9781484335468

Keywords: Country portfolios, international business cycles, home bias, gross asset positions, exchange rates, Backus-Smith puzzle, General, Open Economy Macroeconomics

Most countries hold large gross asset positions, lending in domestic currency and borrowing in foreign. Thus, their balance sheets are exposed to nominal exchange rates. We argue that when asset markets are incompl...

Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates?

Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates? »

Volume/Issue: 2017/291

Series: IMF Working Papers

Author(s): Jonathan Adams , and Philip Barrett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

DOI: http://dx.doi.org/10.5089/9781484335468.001

ISBN: 9781484335468

Keywords: Country portfolios, international business cycles, home bias, gross asset positions, exchange rates, Backus-Smith puzzle, General, Open Economy Macroeconomics

Most countries hold large gross asset positions, lending in domestic currency and borrowing in foreign. Thus, their balance sheets are exposed to nominal exchange rates. We argue that when asset markets are incompl...