A. Calderon-Madrid

The Role of Private Financial Wealth in a Portfolio Model (eBook, PDF)

A Study of the Effects of Fiscal Deficits on the Real Exchange Rate

• Format: PDF

Produktbeschreibung

This book considers the implications for the dynamics of the exchange rate and private financial wealth. In a model in which fiscal imbalances are allowed to change the level of domestic public indebtedness. The analysis raises the possibility of an initial appreciation followed by a depreciation and a final exchange rate appreciation. It also highlights the importance that adjustments in the stock of privately-held financial assets have for the determination and speed of medium-run effects of shocks to the economy.

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Produktdetails

• Verlag: Springer-Verlag GmbH
• Seitenzahl: 126
• Erscheinungstermin: 6. Oktober 1995
• Englisch
• ISBN-13: 9780230375543
• Artikelnr.: 54104840

Autorenporträt

ANGEL CALDERON-MADRID