联合
发表于 2025-3-23 10:16:25
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本土
发表于 2025-3-23 17:21:38
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lesion
发表于 2025-3-23 18:58:08
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nutrients
发表于 2025-3-23 23:16:20
Introduction,play an increasingly prominent role in balance of payments adjustments. With the advent of flexible exchange rates in the early 1970s, after the collapse of the Bretton Woods system, capital mobility was seen to contribute to enhanced exchange rate volatility and this, in turn, was thought to contri
ascetic
发表于 2025-3-24 06:12:00
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Concrete
发表于 2025-3-24 07:55:52
The Asset Approach to the Exchange Rate: Monetary Models of the Exchange Rate,determine the relative price of assets denominated in different currencies. A general equilibrium theory of the exchange rate would have to bring into the analysis the markets for assets and the markets for goods. In the first instance the asset approach to the exchange rate builds on the assumption
inflame
发表于 2025-3-24 14:22:00
The Asset Approach to the Exchange Rate: Portfolio Balance Models of the Exchange Rate and the Currs are risk-neutral. In this chapter we will consider the more general setting in which agents are risk-averse and assets are imperfect substitutes. As a result the UIP condition will no longer hold and, therefore, the risk premium need not be zero. At any point in time the nominal exchange rate will
certitude
发表于 2025-3-24 15:13:12
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dry-eye
发表于 2025-3-24 22:25:46
The Cost of Disinflation in a Floating Exchange Rate Regime,ut from its natural level, rational expectations notwithstanding. This position applies with equal force to open economies with flexible exchange rates, perfectly mobile capital internationally and forward-looking agents. The experience with floating exchange rates has dashed any early hopes that mo
一瞥
发表于 2025-3-25 02:07:36
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