How Can Asset Prices Value Exchange Rate Wedges?
收藏NBER2022-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30422
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资源简介：
When available financial securities allow investors to optimally diversify risk across countries, standard theory implies that exchange rates should reflect this behavior. However, exchange rates observed in the data deviate from these predictions. In this paper, we develop a framework to value the
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美国国家经济研究局创建时间：
2022-09-01
