Capital flows and exchange rates: A quantitative assessment of the dilemma hypothesis
In response to US monetary tightening, financial channels dominate for small open economies: credit spreads widen and output falls despite currency depreciation.
Featured in No. 132 on 25 Sep 2026 · 11 days after release

- Released
- 14 Sep 2026
- First featured
- No. 132 · 25 Sep 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:boe:boeewp:023263
- Authors
- Ambrogio Cesa-Bianchi et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).