Macro-financial stability frameworks and external financial ...

and the US dollar exchange rate as a risk factor. Dollar exchange rate and macro-financial conditions Graph 3 Dollar exchange rate and sovereign spreads Dollar exchange rate and economic performance3 Per cent Q1 2006 = 100 1 EMEs: JPMorgan GBI-EM Broad Diversified inde x yield spread over the 10-year US Treasury yield. AEs: JPMorgan GBI Global ... ................
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