The Non-U.S. Bank Demand for U.S. Dollar Assets

The USD asset share of non-U.S. banks captures the relative demand for USD denominated assets by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Furthermore, cross-sectional asset pricing tests show that the USD asset sha...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Adrian, Tobias, Xie, Peichu
Format:	Dataset
Sprache:	eng
Schlagworte:	dollar asset demand exchange rate disconnect intermediary asset pricing
Online-Zugang:	Volltext bestellen
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