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- W3048930106 abstract "This paper investigates the spillover effects of U.S. monetary policy on exchange rates of 11 emerging markets and 12 advanced economies during the pre-COVID-19 versus COVID-19 periods. The investigation is achieved by a structural vector autoregression model, where year-on-year changes in weekly measures of economic activity, exchange rates and policy rates are used. The empirical results suggest evidence for the spillover effects of U.S. monetary policy for several countries during the pre-COVID-19 period, whereas they have been effective only for certain countries during the COVID-19 period that can be explained by the disease outbreak channel. Important policy implications follow." @default.
- W3048930106 created "2020-08-18" @default.
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- W3048930106 date "2020-01-01" @default.
- W3048930106 modified "2023-09-27" @default.
- W3048930106 title "COVID-19 and Exchange Rates: Spillover Effects of U.S. Monetary Policy" @default.
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- W3048930106 doi "https://doi.org/10.2139/ssrn.3603642" @default.
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