Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/53701 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
ADBI Working Paper No. 278
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the response of imbalances and real exchange rates to shocks. Finally, it analyzes the characteristics of episodes in which chronic current account surpluses (as opposed to deficits) come to an end.
JEL: 
F0
F3
F4
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.05 MB





Publikationen in EconStor sind urheberrechtlich geschützt.