Macroeconomic Interdependence and the International Role of the Dollar
---- Acknowledgements ----
We thank Giancarlo Corsetti, Peter Henry and Dennis Novy for valuable comments. We are also grateful to audiences at the International Monetary Fund eigth Jacques Polak research conference, the Geneva Graduate Institute of International Studies, the University of Connecticut, and the Cambridge University Conference on Exchange Rates: Causes and Consequences for valuable feedback. The views expressed in the paper are those of the authors and do not necessarily represent those of the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research.