---
title: Pricing Risk Globally: Intermediary Constraints, the Dollar, and the Global Financial Cycle
url: https://www.ml-quant.com/papers/repec/fip-fedgif-103716/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:fip:fedgif:103716
source_url: https://econpapers.repec.org/RePEc:fip:fedgif:103716
featured: 2026-09-25
citations: unknown
topic: Asset Pricing & Factors
---


# Pricing Risk Globally: Intermediary Constraints, the Dollar, and the Global Financial Cycle

A two-country model shows that uncertainty shocks tighten intermediary constraints, widening credit spreads, appreciating the dollar, and raising currency risk premia globally.

- Source: https://econpapers.repec.org/RePEc:fip:fedgif:103716
- Identifier: RePEc:fip:fedgif:103716
- Released: 2026-09-14
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Ozge Akinci, Ṣebnem Kalemli-Özcan

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