tag:blogger.com,1999:blog-5908830827135060852.post5182662268043811535..comments2024-03-01T02:40:14.946-05:00Comments on Bond Economics: Implementing Foreign Exchange In sfc_modelsBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5908830827135060852.post-27643938689431487302017-09-04T03:14:28.922-04:002017-09-04T03:14:28.922-04:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/01234549793220047145noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-48016927037033740622017-08-26T17:13:13.242-04:002017-08-26T17:13:13.242-04:00Although interesting, it would be difficult to inc...Although interesting, it would be difficult to incorporate that level of detail in a macroeconomic model. If one wanted, it would be possible to extend the sfc_models framework to cover that level of detail, but it is a topic that I would probably not have time to look at.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-63803163544811194682017-08-25T21:13:19.207-04:002017-08-25T21:13:19.207-04:00Ideally you would want to have financial dealer se...Ideally you would want to have financial dealer sector that would do currency and other financial sector arbitrage conditions endogenously. This would clearly show the importance of dealer balance sheets, and things like the recent breakdown in covered interest parity would be easy to model.grace lihttps://www.blogger.com/profile/03824587893188199575noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-41468962040581670362017-08-24T17:43:11.857-04:002017-08-24T17:43:11.857-04:00There's presently no private banks in the fram...There's presently no private banks in the framework. Even if added, currency swaps are unlikely to appear.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-73559783590965183562017-08-24T11:38:38.344-04:002017-08-24T11:38:38.344-04:00Brian, I have a question about the FX sector accou...Brian, I have a question about the FX sector accounting mechanics in the aggregate system. Are levels on the aggregate bank balance sheets altered by the foreign sector interactions? Are levels on the central bank or government balance sheets altered? Or is there a side-accounting for currency swap deals that amount to a change of ownership of pre-existing financial instruments in each country?Joe Leotehttps://www.blogger.com/profile/01292763300917387201noreply@blogger.com