Exchange Rates, Country Preferences, and Gold /

This paper provides indirect tests of the hypothesis that exchange rate movements may be largely coterminus with changes in preferences for holding claims on different countries. It is argued that changes in country preferences will be reflected systematically in the price of gold and, hence, that g...

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Autor principal: Isard, Peter
Altres autors: Dooley, Michael, Taylor, Mark
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1992.
Col·lecció:IMF Working Papers; Working Paper ; No. 1992/051
Accés en línia:Full text available on IMF