Tag: information
RECENT ARTICLES
How banks’ dollar holdings drive exchange rate dynamics
Non-U.S. financial institutions hold precautionary positions in U.S. dollar assets as protection against financial shocks. This gives rise to a safety premium on the...
Modern financial system risk for macro trading
Financial system risk is the main constraint and disruptor of macro trading strategies. There are four key areas of modern systemic risk. In...
External imbalances and FX returns
Hedge ratios of international investment positions have increased over past decades, spurred by regulation and expanding derivative markets. This has given rise to predictable...