The Transfer Problem Revisited : Net Foreign Assets and Real Exchange Rates /

The relationship between international payments and the real exchange rate-the 'transfer problem'-is a classic question in international economics. We use new data on countries' net external positions together with real exchange rate data to shed light on this question. We present a m...

全面介紹

書目詳細資料
主要作者: Milesi-Ferretti, Gian
其他作者: Lane, Philip
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2000.
叢編:IMF Working Papers; Working Paper ; No. 2000/123
在線閱讀:Full text available on IMF
LEADER 01785cas a2200253 a 4500
001 AALejournalIMF007731
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451854602 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Milesi-Ferretti, Gian. 
245 1 4 |a The Transfer Problem Revisited :   |b Net Foreign Assets and Real Exchange Rates /  |c Gian Milesi-Ferretti, Philip Lane. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (38 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 The relationship between international payments and the real exchange rate-the 'transfer problem'-is a classic question in international economics. We use new data on countries' net external positions together with real exchange rate data to shed light on this question. We present a model yielding testable implications on the long-run co-movements of real exchange rates, external positions, relative GDP and terms of trade, and cross-country and time-series evidence on the subject. Countries with net external liabilities are found to have more depreciated real exchange rates, with the main channel of transmission working through the relative price of nontraded goods. 
538 |a Mode of access: Internet 
700 1 |a Lane, Philip. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/123 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/123/001.2000.issue-123-en.xml  |z IMF e-Library