IMF Staff papers : Volume 31 No. 3.
This paper highlights exchange rate movements and adjustment in financial markets. This paper develops a model of portfolio behavior in which it is assumed that market participants act as if they always expected exchange rates to move in line with expected inflation differentials. In the solution of...
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Natura: | Periodico |
Lingua: | English |
Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1984.
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Serie: | IMF Staff Papers; IMF Staff Papers ;
No. 1984/003 |
Accesso online: | Full text available on IMF |