On the Asset Market View of Exchange Rates
收藏NBER2012-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18646
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资源简介：
If the asset market is complete then the difference between foreign and domestic agents' log intertemporal marginal rates of substitution (IMRSs) equals the log change in the real exchange rate. This equation is frequently used to argue that changes in real exchange rates reflect differences between
提供机构：
美国国家经济研究局
创建时间：
2012-12-01
