SPECULATION, INCOMPLETE CURRENCY MARKET PARTICIPATION, AND NONFUNDAMENTAL MOVEMENTS IN NOMINAL AND REAL EXCHANGE-RATES

被引：10
|
作者：
BARNETT, RC
机构：
[1] Department of Economics, State University of New York at Buffalo, Amhest
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 1992年 / 33卷 / 1-2期
关键词：
D O I：
10.1016/0022-1996(92)90055-O
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper studies possible nonfundamental movements in nominal and real exchange rates arising from a world economy with speculation, incomplete participation in international currency markets and nontraded goods. The model is capable of generating equilibria which display comovements in nominal and real exchange rates not unlike those observed in actual economies.
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页码：167 / 186
页数：20
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