IDEAS home Printed from https://ideas.repec.org/p/zbw/dbrrns/25.html
   My bibliography  Save this paper

The US dollar: Safe haven - Despite rising US current account deficit

Author

Listed:
  • Meurers, Martin
  • Diekmann, Berend

Abstract

The empirical analysis in this paper supports the view that the status of the US dollar as a “safe haven” is closely related to the development of the US current account and the US net foreign debt. Safe haven purchases of the US dollar can still be recorded in the 1989-2006 period despite the rapid growth of the US current account deficit since the mid-1990s. Possible explanations include the changed structure of US dollar investors, the concept of an implicit US-Asian currency peg and the increased prominence of alleviating valuation changes in the US net foreign position.

Suggested Citation

  • Meurers, Martin & Diekmann, Berend, 2007. "The US dollar: Safe haven - Despite rising US current account deficit," Research Notes 25, Deutsche Bank Research.
    • Handle: RePEc:zbw:dbrrns:25
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/21888/1/PROD0000000000214099.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Habib, Maurizio M. & Stracca, Livio, 2012. "Getting beyond carry trade: What makes a safe haven currency?," Journal of International Economics, Elsevier, vol. 87(1), pages 50-64.
    2. Nader Trabelsi, 2018. "Are There Any Volatility Spill-Over Effects among Cryptocurrencies and Widely Traded Asset Classes?," JRFM, MDPI, vol. 11(4), pages 1-17, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:dbrrns:25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/dbresde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.