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salem witch trials
Essay specific features
Written by:
Ramona W
Date added:
January 18, 2017
Level:
University
Grade:
A
No of pages / words:
29 / 8087
Was viewed:
7318 times
Rating of current essay:
Essay content:
More recently, since the publication of Obstfeld and Rogoff's (1995) seminal "redux" paper,
the new open-economy macroeconomics has attempted to explain exchange rate developments in
the context of dynamic general equilibrium models that incorporate imperfect competition and
nominal rigidities. Empirically, these theoretical developments have fared poorly at explaining
exchange rate dynamics, at least over relatively short horizons, and several exchange rate puzzles
have been highlighted...
displayed 300 characters
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Empirically, these theoretical developments have fared poorly at explaining
exchange rate dynamics, at least over relatively short horizons, and several exchange rate puzzles
have been highlighted.
The increasing role played by international financial markets in developed economies
constitutes a persuasive argument to explore possible relationships between returns on risky assets
and exchange rates dynamics...
displayed 300 characters
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