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The asset market view on flexible exchange rates : a critical comment

Tivig, Thusnelda - 1987

Persistent link: https://www.econbiz.de/10000714024

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A bitter pill to swallow

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A good M&A vintage in prospect

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The asset market view on flexible exchange rates : a critical comment

Tivig, Thusnelda - 1987

The more recent asset market literature on flexible exchange rates seems to share the opinion that it is not possible to treat the stock-flow interaction on the adjustment path to a new long-run equilibrium adequately in continuous time. The present paper discloses some severe inconsistencies...

Persistent link: https://www.econbiz.de/10009742195

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Portfolio decisions and capital market equilibria under incomplete information

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