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Floating Exchange Rates, Expectations and New Information

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NBER1983-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w1064
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资源简介:
This paper analyzes the relationship between forward exchange rates,future spot rates and new information. A stochastic model of exchangerate determination is used to formally show how unanticipated changes in the exchange rate determinants (or "news") affect the spot rate. The empirical analysis
创建时间:
1983-01-01
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