Sarno, (2010); "Asset prices, exchange rates and the current account," European Economic Review 54, 643-658.Fratzscher, M., L. Juvenal and L. Sarno, 2007, "Asset prices, exchange rates and the current account", ECB Working Paper No 790....
Can-exchange-rate-variations-or-trade-policy-alter-the-equilibrium-current-account_2005_Journal-of-International-Money-and-Finance 热度: Exchange Rate Pass-Through and:汇率传递和 热度: Flexible exchange rate regime and:灵活的汇率制度和 热度:
The International Economy: Exchange Rates and the Current Account In this paper a general equilibrium intertemporal model, with optimizing consumers and producers, is developed to analyze how the anticipation of future import tariffs affects real exchange rates and the current account. The model is com...
Exchange Rates and the Current Account Exchange Rates and Current and Future Interest Rates The relation between the interest rate it and the exchange rate Et is all but mechanical. A country that decides to operate under flexible exchange rates must accept that it will be exposed to fluctuations...
From a global point of view, cross-country trends which drive exchange rates and current accounts also share similar dynamics over the long-run, which is an important finding in the context of global imbalances.doi:10.1111/roie.12272Beckmann, Joscha...
In theory, then,the forward exchange rate will be an unbiased forecast of the future spot exchange rate if both covered and uncovered interest rate parity hold: S_{f/d}^{e}=F_{f/d} 4、purchasing power parity The relationship between exchange rates and inflation differentials ...
Long-run output and the real exchange rate are inversely related. Fiscal policy disturbances and wealth transfers from abroad alter the long-run capital stock, and a fiscal expansion may have a crowding-in impact. The sign of the current account during the transition is ambiguous, and depends ...
Define Exchange rates. Exchange rates synonyms, Exchange rates pronunciation, Exchange rates translation, English dictionary definition of Exchange rates. n. A rate of exchange. American Heritage® Dictionary of the English Language, Fifth Edition. Cop
In S. Edwards and L. Ahamed ... M Obstfeld - 《Nber Chapters》 被引量: 0发表: 1986年 How would Capital Account Liberalization Affect China's Capital Flows and the Renminbi Real Exchange Rates? In this paper we study the determinants of gross capital flows, project the size of China's ...
Exchange rates are always relative and are expressed as a comparison of the currencies of two countries. Inflation, interest rates, account deficits, trade balances, and public debt Anurak Tepkhamtai / Getty Images Overview of Exchange Rates ...