search query: @indexterm VISIBLE BALANCE / total: 18
reference: 5 / 18
| Author: | Lane, P.R. Milesi-Ferretti, G.M. |
| Title: | External wealth, the trade balance, and the real exchange rate |
| Journal: | European Economic Review
2002 : JUN, VOL. 46:6, p. 1049-1071 |
| Index terms: | ASSETS EXCHANGE RATES VISIBLE BALANCE |
| Freeterms: | EXTERNAL WEALTH |
| Language: | eng |
| Abstract: | The authors examine the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, they decompose the impact of a country's net foreign asset position ("external wealth") on its long-run real exchange rate into two mechanisms: the relation between external wealth and the trade balance; and, holding fixed other determinants, a negative relation between the trade balance and the real exchange rate. |
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