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...
| Auteur principal: | |
|---|---|
| Autres auteurs: | |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2002.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2002/051 |
| Accès en ligne: | Full text available on IMF |