International Currency Portfolios /

This paper develops a theory of international currency portfolios that holds in general equilibrium, and that is therefore not subject to the criticisms directed at the portfolio balance literature of the 1980s. It shows that, under plausible assumptions about fiscal policy, the relationship between...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter: Kumhof, Michael
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2009.
Serier:IMF Working Papers; Working Paper ; No. 2009/048
Online adgang:Full text available on IMF

Lignende værker