Series: IMF Working Papers
Author(s): Reinout De Bock , and Irineu de Carvalho Filho
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 January 2013
Keywords: Risk-off episodes, safe haven currencies, exchange rate, currency markets, capital flows, global financial crisis,
Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen,...