In this paper we investigate the dynamic relationships among international trade, foreign direct investment and the real exchange rate of China. The analysis is based on [...]

This dissertation elucidates the channels through which sovereign risk, exchange rates and currency risk premia are related. I show that the channels are different depend[...]

The dissertation consists of three related topics: FX market-wide liquidity measure and individual currency-pair liquidity co-movements, FX liquidity risk and carry trade[...]

This dissertation contains two essays on empirical asset pricing. The first essay tests a two-beta currency pricing model that features betas with risk-premium news and r[...]