2 papers
econ.GN2026
Dynamics of the Currency Composition of Central Bank Reserves
Deborah Gefang, Stephen G. Hall, George S. Tavlas
We examine how macroeconomic and geopolitical developments in the United States, the euro area, and China affect the currency composition of central banks' foreign exchange reserve…
econ.EM2025
Estimating unrestricted spatial interdependence in panel spatial autoregressive models with latent common factors
Deborah Gefang, Stephen G Hall, George S. Tavlas
We develop a new Bayesian approach to estimating panel spatial autoregressive models with a known number of latent common factors, where N, the number of cross-sectional units, is…