Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs
Macro Musings with David Beckworth
00:00
Global Capital Data Base
The notion of netting really came from an old style of maco analysis where rispeme were ignored. What our work, we did was go much deeper in that, into the currency composition of assets. So if i look at the us, investing in european companies, is all going to be in uras. It turns out that's all in dollars. And that's a much more general phenomenon than we call the home currency byas tat tells you,. That the foreigners really skew into a very particular set of assets.
Transcript
Play full episode
