Does Incomplete Spanning in International Financial Markets Help to Explain Exchange Rates?
收藏NBER2016-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22023
下载链接
链接失效反馈官方服务：
资源简介：
Compared to the predictions of complete market models, actual exchange rates are puzzlingly smooth and only weakly correlated with macro-economic fundamentals, suggesting that market incompleteness plays a key role in exchange rate dynamics. Incompleteness in international financial markets
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
