This article provides a comprehensive history of anchor or reference currencies, exchange
rate arrangements, and a new measure of foreign exchange restrictions for 194 countries …

ABSTRACT I show that monetary policy divergence vis-a-vis the US has larger spillover
effects in emerging markets than advanced economies. The monetary policy of the US …

This paper employs an updated algorithm and database for classifying exchange rate and
anchor currency choice, to explore the evolution of the global exchange rate system …

Spillover effects of US uncertainty shocks are studied in a panel VAR of fifteen emerging
market economies (EMEs). A US uncertainty shock negatively affects EME stock prices and …

We contrast the interventions conducted by the Federal Reserve in response to the
subprime and COVID–19 crises with respect to their effectiveness in reducing disaster risk …

This paper examines the claim that exchange rate regimes are of little salience in the
transmission of global financial conditions to domestic financial and macroeconomic …

This paper studies the international spillovers of US monetary policy shocks on a number of
macroeconomic and financial variables in 36 advanced and emerging economies. In most …

We employ a structural global VAR model to analyze whether US unconventional monetary
policy shocks, identified through changes in the central bank's balance sheet, have an …

This paper studies the transmission of US monetary shocks across the globe by employing a
high-frequency identification of policy shocks and large VAR techniques, in conjunction with …

We show that macroprudential regulation significantly dampens the impact of global
financial shocks on emerging markets. Specifically, a tighter level of regulation reduces the …