Real Interest Rates, Real Exchange Rates, and Net Foreign Assets in the Adjustment Process /
This paper analyzes the recent behavior of real exchange rates, the trade balance and the net foreign asset position of the United States in an intertemporal optimizing model of the world economy that incorporates heterogeneity across countries and imperfect international capital and good markets. W...
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Format: | Žurnal |
Jezik: | English |
Izdano: |
Washington, D.C. :
International Monetary Fund,
1995.
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Serija: | IMF Working Papers; Working Paper ;
No. 1995/129 |
Online pristup: | Full text available on IMF |