Exorbitant privilege and exorbitant duty

By P. Gourinchas, Hélène Rey, Nicolas Govillot. 2010

243 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5997766bb0c09554a6518d073a2f9d1bbf881129

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Citations in the corpus

Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens (2020, background): “…offshore issuance on its own leads to a large mismeasurement in China’s NFA is important for work on global imbalances, such as Bernanke (2005), Gourinchas and Rey (2007), Caballero, Farhi, and Gourinchas (2008), Gourinchas, Govillot, and Rey (2011), Maggiori (2017), and Farhi and Maggiori (2018).”
Federal Reserve Policy in an International Context (2017, background): “Third, dollar assets have proved to be a valuable hedge for foreign holders against downside geopolitical and financial risks (Gourinchas, Govillot, and Rey, 2010; Obstfeld, 2010).”
International Currencies and Capital Allocation (2020, unknown): “…analyzed in this paper are distinct from, and complementary to, the mechanisms more commonly emphasized in the literature such a lower risk-free rate and the safe-haven properties of the exchange rate (Caballero et al. (2008), Gourinchas et al. (2011), Maggiori (2017), Farhi and Maggiori (2017)).”
The U.S. Treasury Premium (2017, unknown): “This question is examined by Gourinchas and Rey (2007b), Gourinchas and Rey (2007a), Gourinchas et al. (2010), and Curcuru et al. (2008).”
Breaking Free of the Triple Coincidence in International Finance (2016, background): “4.4 Sectoral exposures to foreign exchange risk Many studies use national external balance sheets to characterise international risksharing (Lane and Shambaugh (2010a,b), Gourinchas et al (2010, 2012), Gourinchas and Rey (2014), Bénétrix et al (2015)).”
On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios (2012, unknown): “The dataset has actively and passively managed funds with different investment scopes: global, 9 See, for example, Broner et al. (2006), Gourinchas and Rey (2007a), Hau and Rey (2008), Krugman (2008), Devereux and Yetman (2010), and Gourinchas et al. (2010).”
The History and Economics of Safe Assets (2016, unknown): “This has been referred to as the global savings glut and is the subject of a large body of literature (see, for example, Caballero 2006; Bernanke 2005, 2007; Caballero & Krishnamurthy 2009; Gourinchas et al. 2014; Bernanke et al. 2011; Bertaut et al. 2011; Gourinchas & Jeanne 2012).”