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...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2002/051 |
| Онлайн доступ: | Full text available on IMF |