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Cross-Border Currency Exposures. New evidence based on an enhanced and updated dataset

Author

Listed:
  • Agustin S. Benetrix

    (Department of Economics, Trinity College Dublin)

  • Deepali Gautam

    (International Monetary Fund)

  • Luciana Juvenal

    (International Monetary Fund)

  • Martin Schmitz

    (European Central Bank)

Abstract

This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods. The paper illustrates current and new uses of these data, with particular focus on the evolution of currency exposures of cross-border positions.

Suggested Citation

  • Agustin S. Benetrix & Deepali Gautam & Luciana Juvenal & Martin Schmitz, 2020. "Cross-Border Currency Exposures. New evidence based on an enhanced and updated dataset," Trinity Economics Papers tep0120, Trinity College Dublin, Department of Economics.
    • Handle: RePEc:tcd:tcduee:tep0120
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    File URL: https://www.tcd.ie/Economics/TEP/2020/TEP0120.pdf
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    References listed on IDEAS

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    Cited by:

    1. Lodge, David & Pérez, Javier J. & Albrizio, Silvia & Everett, Mary & De Bandt, Olivier & Georgiadis, Georgios & Ca' Zorzi, Michele & Lastauskas, Povilas & Carluccio, Juan & Parraga Rodriguez, Susana &, 2021. "The implications of globalisation for the ECB monetary policy strategy," Occasional Paper Series 263, European Central Bank.
    2. Herkenhoff, Philipp & Sauré, Philip, 2021. "How expected inflation distorts the current account and the valuation effect," European Economic Review, Elsevier, vol. 135(C).
    3. Agustín Bénétrix & Beren Demirölmez & Martin Schmitz, 2024. "The Shock Absorbing Role of Cross-border Investments: Net Positions Versus Currency Composition," Open Economies Review, Springer, vol. 35(2), pages 363-394, April.
    4. Miranda-Agrippino, Silvia & Nenova, Tsvetelina, 2022. "A tale of two global monetary policies," Journal of International Economics, Elsevier, vol. 136(C).
    5. Anaya Longaric, Pablo, 2022. "Foreign currency exposure and the financial channel of exchange rates," Working Paper Series 2739, European Central Bank.
    6. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    7. Goldberg, Linda S. & Krogstrup, Signe, 2023. "International capital flow pressures and global factors," Journal of International Economics, Elsevier, vol. 146(C).
    8. LIU, Jingting & TAN, Sook Rei & CHIA, Wai Mun, 2024. "Exposure to Dollar, financial Openness, and the heterogeneous impact of US monetary spillover," Journal of International Money and Finance, Elsevier, vol. 143(C).
    9. Müller, Gernot & Georgiadis, Georgios & Schumann, Ben, 2023. "Dollar Trinity and the Global Financial Cycle," CEPR Discussion Papers 18427, C.E.P.R. Discussion Papers.
    10. Vanessa Olakemi Dovonou, 2023. "Trilemma revisited with dollar dominance in trade and finance," Working Papers 2023.05, International Network for Economic Research - INFER.
    11. Bada Han, 2025. "Original Sin Dissipation and Currency Exposures in Emerging Markets," Open Economies Review, Springer, vol. 36(1), pages 281-327, February.

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    More about this item

    Keywords

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    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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