Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101585
Authors: 
Tivig, Thusnelda
Year of Publication: 
1987
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 18
Abstract: 
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 between the verbal and formal formulation of the asset market ap-proach (AMA) that are linked to this proposition and argues that the AMA has not reached its target yet. A possible Solution is outlined.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.