International Currencies and Capital Allocation
NBER Working Paper No. 24673
---- Acknowledgments ----
We are grateful to Laura Alfaro, Andy Atkeson, Luigi Bocola, Alberto Cavallo, Riccardo Colacito, Massimiliano Croce,Wenxin Du, Emmanuel Farhi, Gita Gopinath, Tarek Hassan, Arvind Krishnamurthy, Hanno Lustig, Gian Maria Milesi-Ferretti, Toby Moskowitz, Emi Nakamura, Jonathan Ostry, Monika Piazzesi, Diego Perez, Robert Ready, Kenneth Rogoff, Stephanie Schmitt-Grohe, Martin Schneider, Jeremy Stein, Jón Steinsson, Andrew Tilton, Harald Uhlig, Martin Uribe, Adrien Verdelhan, Frank Warnock, and Eric Van Wincoop for their comments, and we offer particular thanks to Steve Kaplan for his generous help with the project. Bob Freeman, Clark Hyde, Sara Lux, Christine Rivera, Ravi Wadhwani, and Matt Weiss offered outstanding technical assistance at various stages of the project. We thank Andrew Lilley, Antonio Coppola, Hillary Stein, Brian Wheaton, Chenzi Xu, George Vojta, and Sanjay Misra for excellent research assistance. Our analysis makes use of data that are proprietary to Morningstar and/or its content providers. Neither Morningstar nor its content providers are responsible for any of the views expressed in this article. We thank the Becker-Friedman Institute, the NSF (1653917), the Sloan Foundation, and the Weatherhead Center for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.