Exchange Rates and Asset Prices in a Global Demand System
收藏NBER2020-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27342
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资源简介：
We develop an asset demand system to analyze the equilibrium relation between international portfolio holdings and flows, exchange rates, and asset prices across all countries. We introduce a nested logit model of asset demand, for which we develop a new identification strategy by instrumental
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
