Exchange Rate Determination under Limits to CIP Arbitrage
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下载链接：
https://www.nber.org/papers/w32876
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资源简介：
Recent theories of exchange rate determination have emphasized limited UIP arbitrage by international financial institutions. New regulations since 2008 have also lead to imperfect CIP arbitrage. We show that under limited CIP arbitrage the exchange rate and CIP deviation are jointly determined by
提供机构：
美国国家经济研究局
创建时间：
2024-09-01
