NBER Working Paper Series
Опубликовано на портале: 16-12-2003Rudiger Dornbusch NBER Working Paper Series. 1980. No. 0493.
This chapter addresses the question of what contribution finance theory can make to an explanation of exchange rate movements. It is an attempt to integrate ideas of finance theory such as portfolio diversification, efficiency, rationality,and use of information in a reasonably eclectic macroeconomic model and to study in that broadened context the determination of exchange rate.