Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
收藏NBER2000-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7871
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资源简介：
This paper analyzes the effects of money injections on interest rates and exchange rates in a model in which agents must pay a Baumol-Tobin style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this fixed cost leads agents to trade bonds and money only
提供机构：
美国国家经济研究局
创建时间：
2000-09-01
