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BEGIN:VEVENT
UID:656ff9234251f2cec3449c709e6a66e3
CATEGORIES:Seminars
CREATED:20190502T151239
SUMMARY:Lunch Seminar: Jesse Schreger - Columbia University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nExchange Rate Reconnect: Capital Flows and Currency Dynamics joint with
  Andrew Lilley, Matteo Maggiori and Brent Neiman\n\n\nAbstract: \nWe demons
 trate that exchange rates comove strongly with global capital flows since t
 he Global Financial Crisis. This connection between exchange rates and glob
 al capital flows offers a partial resolution to the “exchange rate disconne
 ct puzzle.” We find that the broad dollar exchange rate tends to depreciate
  by 0.55% for every 1% US net purchase of foreign securities. These US port
 folio outflows account for roughly 30% of the variation in the broad dollar
  in the post-crisis period. Using a novel micro-dataset of global capital f
 lows, we examine the channels through which exchange rates and capital flow
 s have become reconnected.\n\n\n \n
DTSTAMP:20260404T231337Z
DTSTART:20190614T130000Z
DTEND:20190614T140000Z
SEQUENCE:0
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