Hedging Income Fluctuations with Foreign Currency Assets
The world has gone through a process of financial globalization over the past two decades, with countries increasing their holdings of foreign assets and liabilities.
U.S. Banks’ Changing Footprint at Home and Abroad
The Importance of Commodity Prices in Understanding U.S. Import Prices and Inflation
The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
Do Asset Purchase Programs Push Capital Abroad?
Thomas Klitgaard and David O. Lucca Euro area sovereign bond yields fell to record lows and the euro weakened after the European Central Bank (ECB) dramatically expanded its asset purchase program in early 2015. Some analysts predicted massive financial outflows spilling out of the euro area and affecting global markets as investors sought higher yields […]
Around the World in 8,379 Foreign Entities
The largest U.S. financial institutions conduct business around the world, maintaining a strong presence through branches and subsidiaries in foreign countries.
The Effect of the Strong Dollar on U.S. Growth
The recent strengthening of the U.S. dollar has raised concerns about its impact on U.S. GDP growth.
Did the West Coast Port Dispute Contribute to the First‑Quarter GDP Slowdown?
Mary Amiti, Tyler Bodine-Smith, Michele Cavallo, and Logan T. Lewis The decline in U.S. GDP of 0.2 percent in the first quarter of 2015 was much larger than market analysts expected, with net exports subtracting a staggering 1.9 percentage points (seasonally adjusted annualized rate). A range of factors is being discussed in policy circles to […]
Falling Oil Prices and Global Saving
The rise in oil prices from near $30 per barrel in 2000 to around $110 per barrel in mid-2014 was a dramatic reallocation of global income to oil producers.
Is Cheaper Oil Good News or Bad News for U.S. Economy?
Oil prices have declined substantially since the summer of 2014.
No Guarantees, No Trade!
World trade fell 20 percent relative to world GDP in 2008 and 2009.
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