Arbeitspapier
The asset market view on flexible exchange rates: A critical comment
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeiträge - Serie II ; No. 18
- Klassifikation
-
Wirtschaft
- Thema
-
Monetäre Wechselkurstheorie
Internationaler Finanzmarkt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tivig, Thusnelda
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (wo)
-
Konstanz
- (wann)
-
1987
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Tivig, Thusnelda
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Entstanden
- 1987
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