Rational Speculation and Exchange Rates
收藏NBER2001-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w8362
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资源简介:
In this paper we develop a general equilibrium model of exchange rates where expectations of future variables directly affect the current exchange rate through an 'asset-market' term. This term, which results from the assumptions of incomplete asset markets and segmented product markets, does not
提供机构:
美国国家经济研究局
创建时间:
2001-07-01



