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Persistent link: https://www.econbiz.de/10013423933
We characterize the equilibrium exchange rate in a general equilibrium economy without imposing strong restrictions on the output processes, preferences, or commodity market imperfections. The nominal exchange rate is determined by differences in initial wealths the currencies of richer...
Persistent link: https://www.econbiz.de/10005775140
Persistent link: https://www.econbiz.de/10005311434
We characterize the equilibrium exchange rate in a general equilibrium economy without imposing strong restrictions on the output processes, preferences, or commodity market imperfections. The nominal exchange rate is determined by differences in initial wealths the currencies of richer...
Persistent link: https://www.econbiz.de/10012473086
Persistent link: https://www.econbiz.de/10006882154
Persistent link: https://www.econbiz.de/10007003546
We characterize the equilibrium exchange rate in a general equilibrium economy without imposing strong restrictions on the output processes, preferences, or commodity market imperfections. The nominal exchange rate is determined by differences in initial wealths the currencies of richer...
Persistent link: https://www.econbiz.de/10013212583