Asset Prices and Exchange Rates
收藏NBER2003-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w9834
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资源简介:
This paper develops a simple two-country, two-good model, in which the real exchange rate, stock and bond prices are jointly determined. The model predicts that stock market prices are correlated internationally even though their dividend processes are independent, providing a theoretical argument
提供机构:
美国国家经济研究局
创建时间:
2003-07-01



