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VERSION:2.0
PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
BEGIN:VEVENT
DTSTART;TZID=Asia/Kolkata:20250108T161500
DTEND;TZID=Asia/Kolkata:20250108T173000
DTSTAMP:20260429T045330
CREATED:20241226T090655
LAST-MODIFIED:20241226T090711
UID:19296-1736352900-1736357400@www.igidr.ac.in
SUMMARY:IGIDR Seminar: " Trade\, Liquidity and Monetary Spillovers under Dollar Dominance "
DESCRIPTION:\nAbstract:-\nThe US dollar is the dominant currency for international trade invoicing. Additionally\, US dollar bonds have low returns reflecting a liquidity premium over other assets traded internationally. Using these facts in a two-country model with international trade and liquidity we find a striking difference in spillovers of monetary policy emanating from the dominant country as compared to its non-dominant trading partner. While firm entry falls in both countries in response to a contractionary monetary policy in the dominant country\, it rises in the dominant country in response to the same shock from the non-dominant country. Interestingly\, higher trade integration marginally increases unemployment in the dominant country but reduces it in the other.
URL:http://www.igidr.ac.in/seminars/igidr-seminar-caste-indian-census-old-questions-new-challenges-4/
CATEGORIES:Upcoming events
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