External Wealth, the Trade Balance, and the Real Exchange Rate /

This paper examines the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, it decomposes the impact of a country's net foreign asset position ("external wealth") on its long-run real exchange rate into two mechanisms: the relation...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Lane, Philip
מחברים אחרים: Milesi-Ferretti, Gian
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2002.
סדרה:IMF Working Papers; Working Paper ; No. 2002/051
גישה מקוונת:Full text available on IMF
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100 1 |a Lane, Philip. 
245 1 0 |a External Wealth, the Trade Balance, and the Real Exchange Rate /  |c Philip Lane, Gian Milesi-Ferretti. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, it decomposes the impact of a country's net foreign asset position ("external wealth") on its long-run real exchange rate into two mechanisms: the relation between external wealth and the trade balance; and, holding other determinants fixed, a relation between the trade balance and the real exchange rate. It also provides additional evidence that the relative price of nontradables is an important channel linking the trade balance and the real exchange rate. 
538 |a Mode of access: Internet 
700 1 |a Milesi-Ferretti, Gian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/051 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/051/001.2002.issue-051-en.xml  |z IMF e-Library