International Liquidity and Exchange Rate Dynamics
收藏NBER2014-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19854
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资源简介：
We provide a theory of the determination of exchange rates based on capital flows in imperfect financial markets. Capital flows drive exchange rates by altering the balance sheets of financiers that bear the risks resulting from international imbalances in the demand for financial assets. Such
提供机构：
美国国家经济研究局
创建时间：
2014-01-01
