Equilibrium in a Non-Interest Open Economy.
This paper analyzes an economy in which there are no interest-bearing assets, only equity shares. Equilibrium conditions are derived for the case of a closed economy, an open economy with trade in goods only, and finally one with trade in both goods and equity shares. It is shown that the rate of re...
| Autor corporatiu: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1988/111 |
| Accés en línia: | Full text available on IMF |