Stock Markets and the Real Exchange Rate : An Intertemporal Approach /

The paper presents an N-country model with stock markets, in which a closed-form solution for the real exchange rate is derived. Risky asset prices and allocation of risky assets among countries are determined endogenously. Such a framework allows an analysis of how fundamental parameters, such as t...

詳細記述

書誌詳細
第一著者: Mercereau, Benoit
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2003.
シリーズ:IMF Working Papers; Working Paper ; No. 2003/109
オンライン・アクセス:Full text available on IMF

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