Driskill, Robert A; Mark, Nelson C; Sheffrin, Steven M - In: International Economic Review 33 (1992) 1, pp. 223-37
The authors develop and test a monetary rational expectations model of the Swiss/U.S. exchange rate. Two salient features of the model are the assumption that domestic and foreign currency denominated assets are imperfect substitues, and that purchasing power parity need not hold. The authors...