What do Financial Markets say about the Exchange Rate?
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下载链接：
https://www.nber.org/papers/w32436
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资源简介：
We develop a general framework characterizing when exchange rates connect or disconnect from fundamentals across different financial market structures. International portfolio risk sharing governs how tightly exchange rates track households stochastic discount factors. We introduce a tractable
提供机构：
美国国家经济研究局
创建时间：
2024-05-01
