Iran’s misery index
Over the past decade, per capita income has come down from $8,525 to under $3,000. Over the past six years, the riyal has fallen from 40,000 riyals to-a-dollar to 488,000…
Cross-border illegal currency movement
Good governance plays an important role in setting the direction of any country. It ensures transparency and develops a sense of responsibility through accountability. It also contributes towards strengthening democracy,…
Firmer US dollar boosts corporate interest in currency hedging
US multinational companies are starting to reevaluate their currency hedging strategies after a surge in the dollar in recent months, as the impact of the stronger greenback starts to show…
Currency risks? US corporates yawn
Muted gyrations in foreign exchange markets has turned companies complacent about hedging currency risks, and as the third-quarter earnings season gets underway investors should brace for US companies to report…
Qatar’s currency manipulation probe could curb offshore FX trade, risk Gulf backlash
Qatar's investigation into alleged manipulation of its currency could give it more control over exchange rates but make some international banks more wary of doing business with Doha. The probe…
Political uncertainty hits Nigeria stocks, currency
The postponement of Nigeria's general election has hit the country's faltering economy, adding to existing pressures caused by the global fall in oil prices, analysts said. The six-week suspension was…
Political uncertainty hits Nigeria stocks, currency
The postponement of Nigeria's general election has hit the country's faltering economy, adding to existing pressures caused by the global fall in oil prices, analysts said. The six-week suspension was…
Currency hedging takes on new importance for global stock funds
As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of…
Currency hedged ETFs outperform, pick up inflows as dollar gains
US investors who believe the dollar's 2014 surge will continue are pouring money into exchange-traded funds that invest in foreign markets but hedge the currency part of the bet. BlackRock…
Foreign currency deposits and international liquidity shortages-IV
Borensztein and Mauro (2002) discuss how countries can self-insure against economic growth slowdowns by issuing GDP-indexed bonds. They simulate the effects of GDP-indexed bonds under different assumptions about fiscal policy…
