Asset Market and Balance of Payments Characteristics : An Eclectic Exchange Rate Model for the Dollar, Mark, and Yen /

In this paper we use an exchange rate model that combines asset market characteristics with balance of payments interactions to examine the nominal effective exchange rates of the German mark, Japanese yen, and U.S. dollar for the recent experience with floating exchange rates. Our approach may be i...

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Hlavní autor: MacDonald, Ronald
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1995.
Edice:IMF Working Papers; Working Paper ; No. 1995/055
On-line přístup:Full text available on IMF