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| Global Economy |
| Our economists research and analyze global macroeconomics, trade, development, and other international economic issues relating to the New York Fed's core missions. |
| Features |
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| Global Dimensions of the Financial Crisis The Federal Reserve Bank of New York will host a conference on June 3 and 4, 2010, on the “Global Dimensions of the Financial Crisis.” The deadline for submissions of completed or draft manuscripts is Friday, October 30, 2009. |
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| Industry-Specific Exchange Rates Time-series data, updated through December 2008, have been posted on US industry-specific exchange rates and industry trade exposures. The data for manufacturing and non-manufacturing industries are presented in two formats, spreadsheets and charts. These data are useful references for discussions of the real consequences of globalization and exchange rates. |
| Recent Articles |
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 Loss Aversion, Asymmetric Market Comovements, and the Home Bias
The authors analyze the portfolio problem of such an investor who has to choose between home and foreign equities in the presence of asymmetric comovement in returns. By Kevin Amonlirdviman and Carlos Carvalho, Staff Reports 430, February 2010 |
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 Is the International Role of the Dollar Changing?The emergence of the euro, changes in the dollar’s value, and the financial market crisis have, in the view of many commentators, posed a significant challenge to the currency’s long-standing position in world markets. By Linda Goldberg, Current Issues in Economics and Finance (16) 1, January 2010 |
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| Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs This paper presents the developments in the dollar swap facilities through the end of 2009. The facilities were a response to dollar funding shortages outside the United States and were effective at making dollars more broadly available to financial institutions overseas during a period of market dysfunction. By Linda Goldberg, Craig Kennedy, and Jason Miu, Staff Reports 429, January 2010 |
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| Estimating the Cross-Sectional Distribution of Price Stickiness from Aggregate Data The authors estimate a multisector sticky-price model for the U.S. economy in which the degree of price stickiness is allowed to vary across sectors. By Carlos Carvalho and Niels Arne Dam, Staff Reports 419, December 2009 |
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| Micro, Macro, and Strategic Forces in International Trade Invoicing The authors use a new, highly disaggregated data set to assess the roles of the various invoicing determinants. By Linda Goldberg and Cedric Tille, Staff Reports 405, November 2009 |
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| Current Economic Indicators |
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Foreign Exchange Rates  Monthly average values of the U.S. dollar against foreign currencies. 1 page / 11 kb |
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International Long-Term Interest Rates Monthly averages values for international long-term interest rates. 1 page / 11 kb |
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| Global Economic Indicators ›› |
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| Industry Specific Exchange Rates ›› |
| Files in PDF format require ADOBE® READER® SOFTWARE |
