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Article
Currency Risk and the Safe-haven Hypothesis
Atlantic Economic Journal
  • Khosrow Doroodian, Ohio University - Main Campus
  • Tony Caporale, University of Dayton
Document Type
Article
Publication Date
6-1-2000
Abstract
It has been argued that the dollar's role as a safe currency may affect its value over and above what can be justified fundamentally. This view stresses the role of the dollar as a safe-haven currency whose demand increases during periods of uncertainty. Applying a generalized autoregressive conditional heteroskedasticity framework to data on four bilateral exchange rates versus the dollar, the results show that uncertainty strengthens the dollar.
Inclusive pages
186–195
ISBN/ISSN
0197-4254
Comments

Permission documentation is on file.

Publisher
Kluwer Academic Publishers
Peer Reviewed
Yes
Citation Information
Khosrow Doroodian and Tony Caporale. "Currency Risk and the Safe-haven Hypothesis" Atlantic Economic Journal Vol. 28 Iss. 2 (2000)
Available at: http://works.bepress.com/tony_caporale/48/