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.- AppendixA.- Modern Exchange Rate Theory and Schumpetrian Economic Analysis:New Approach and Application to the Euro … for the Euro: Theory, Strategic Issues andPolicy Options: Introduction.- Exchange Rate Regimes and Exchange Rate Policies …
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Wir entwickeln ein Modell mit zwei Währungen, um das Gleichgewicht beim Austausch der Währungen und die nominalen …
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We develop a dual currency search model to study equilibrium currency exchange and the determination of nominal exchange rates. Agents hold portfolios consisting of two distinct currencies. We study equilibria in which the two currencies are identical and equilibria in which the two currencies...
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This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence …
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