Currency networks shape global spillovers, BIS authors find
Authors make use of recently enhanced BIS datasets to map currency networks
Two economists at the Bank for International Settlements (BIS) map currency networks to measure their importance in transmitting global monetary policy shocks in a working paper published on March 17 by the BIS.
Stefan Avdjiev and Előd Takáts make use of the BIS’s enhanced global banking statistics, which they say allow them to map networks in dimensions that were previously unavailable to researchers. In Monetary policy spillovers and currency networks in cross-border bank lending, they show
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