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salem witch trials

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Issue:

Book Reports

 

Written by:

Ramona W

 

Date added:

January 18, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

29 / 8087

 

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7313 times

 

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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...
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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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