Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?
收藏NBER2003-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9498
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Empirical evidence shows that macroeconomic fundamentals have little explanatory power for nominal exchange rates. On the other hand, the recent microstructure approach to exchange rates' has shown that most exchange rate volatility at short to medium horizons is related to order flows. This
提供机构：
美国国家经济研究局
创建时间：
2003-02-01
