Aries, Morgan; Giromini, Gianfranco; Meissner, Gunter - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 01, pp. 51-66
Financial markets have developed formulas and models to derive fair values for bonds, futures, swaps, options and other securities. This model derives a fair value of an exchange rate, which might be used as a benchmark for a long-term equilibrium level to stabilize currency markets. The model...