Country Size, Currency Unions, and International Asset Returns

By Tarek A. Hassan. 2012

203 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9eec09d791a4459f9bdf1b518dc78c7b1d4b208e

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Citations in the corpus

Banking, Trade, and the Making of a Dominant Currency* (2020, background): “On safe asset determination in an international context, some recent papers are Hassan (2013), Gourinchas and Rey (2010), Maggiori (2017), He, Krishnamurthy, and Milbradt (2016), and Farhi and Maggiori (2018).”
Understanding FX Liquidity (2015, background): “Evidence on the role of capital flows in explaining aggregate movements of FX rates has been documented in several studies including Pavlova and Rigobon (2007), Hau and Rey (2004) and Froot and Ramadorai (2005) but none of the previous papers finds a (systematic) link between capital flows and FX li”
Forward and Spot Exchange Rates in a Multi-Currency World* (2018, unknown): “Papers that offer explicit models of either permanent or highly persistent asymmetries in currency risk premia include Martin (2012), Hassan (2013), Maggiori (2017), Richmond (2016), and Ready, Roussanov, and Ward (2017).6 Another strand of the literature has connected persistent currency risk…”
Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019, background): “By shadowing a large country’s exchange rate, a small country can effectively make domestic currency bonds less risky in real terms for global investors, allowing the small country to enjoy some of the “safe asset” advantages that naturally accrue to a large currency (see Hassan 2013).”
Trade Network Centrality and Currency Risk Premia (2019, unknown): “Hassan (2013) shows that currencies of larger countries hedge investors against a greater proportion of consumption risk and therefore have lower currency risk premia and interest rates.”
International Currencies and Capital Allocation (2020, background): “French and Poterba (1991); Lewis (1999); Sercu and Vanpée (2007); Bekaert and Wang (2009), and Coeurdacier and Rey (2013) find that investors dedicate shares of their portfolios to domestic borrowers that greatly exceed the share of those domestic borrowers in the global portfolio.”
Exorbitant privilege and exorbitant duty (2010, background): “To do so, we introduce non-traded goods, in a manner similar to Hassan (2009).”