Prof. Matteo Maggiori of Stanford University on investor beliefs, trading, and global capital flows
Scientific Sense ®
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What Is the Unique Role of the Dollar in the World?
Using a new security level data set, you say the demonstrate that investor holdings are biased toword their own currencys. Countries typically hold most of their foreign securities denominated in their currency. You see the established currency as an important factor shaping gloval portfolios. So wo go to another idea a. You have a 20 19 paper international currencies and capital location. And so wud i would mention two different things. One is what happens to all developed countries. The other is the exceptional roll of the dollars on the other side.
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