We study the effects of US monetary policy on international mutual fund investment. We
apply a novel variant of the shock identification procedure in Bu et al.(2021) to decompose …

Over the last two decades, the unprecedented increase in non-bank financial intermediation,
particularly the rise of open-end mutual funds and exchange-traded funds, accounts for …

This study examines the contemporaneous transmission mechanism across the G20 stock
market returns employing a novel R 2 connectedness framework which combines the …

This paper studies how several macrofinancial factors are associated over time with the
evolution of covered interest parity (CIP) deviations in the decade after the Global Financial …

The effects of macroprudential policy on portfolio flows vary considerably across the global
financial cycle. A tighter ex-ante macroprudential stance amplifies the impact of global risk …

We document a disconnect between policy rates and short-term market rates in emerging
economies. On the one hand, central banks in emerging economies follow Taylor-type rules …

We estimate spillovers from US monetary policy for different measures in the Federal
Reserve's toolkit. We make use of novel measures of exogenous variation in conventional …

The risk sensitivity of international capital flow pressures is explored using a new Exchange
Market Pressure index that combines pressures observed in exchange rate adjustments with …

I empirically study the impact of monetary policy on Bitcoin, and show that is has evolved
over time. First, based on high-frequency data, the paper documents that Bitcoin prices did …

An extensive literature studies the international transmission of US monetary policy
surprises (shifts in expected path of the policy rate). In this paper we show that changes in …