Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …

This paper introduces a new dataset on emerging market sovereign bonds, distinguishing
between the currency of denomination and the residence of investors. Our dataset is on long …

The COVID-19 pandemic deepened challenges and opened new fronts where old and
unresolved problems met with new problems triggered by the pandemic itself. There are …

External imbalances played a pivotal role leading to the global financial crisis and were an
important cause of turmoil. While current account (flow) imbalances narrowed in the …

We highlight the role of duration and exchange rate risks on portfolio flows by using a
unique and comprehensive database of US investor flows into emerging market government …

In this paper, I construct a dataset that measures the composition of 20 emerging market
economies' external liabilities across different instruments and currencies and at varying …

This paper assembles a comprehensive dataset of the currency composition of countries'
external balance sheets for 50 economies over the period 1990–2020. We document the …

We study the relationship between income inequality and external wealth using dynamic
panel data models with 5-years average observations to consider the slow motion of …

This paper investigates heterogeneous exposure of USD-denominated bonds to exchange
rate risk. An appreciation of the US dollar increases the credit spread differential, referred to …

We examine the issue of valuation effects in emerging market economies (EMEs),
particularly the impact of exchange rate variations on their external wealth. Taking Chile as a …