Risk Neutrality and the Two-Tier Foreign Exchange Market: Evidence from Belgium
收藏NBER1989-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w3015
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资源简介:
Most of the literature on two-tier exchange markets is built around models in which domestic policy can exert a powerful influence on the spread between the current account exchange rate and the capital account exchange rate. We show that if optimizing agents are risk neutral, domestic policy has no
提供机构:
美国国家经济研究局
创建时间:
1989-06-01



