search query: @author Bacchetta, P. / total: 8
reference: 4 / 8
| Author: | Bacchetta, P. |
| Title: | Trade in nominal assets and net international capital flows |
| Journal: | Journal of International Money and Finance
2000 : FEB, VOL. 19:1, p. 55-72 |
| Index terms: | TRADE INTERNATIONAL CAPITAL |
| Language: | eng |
| Abstract: | Nominal assets play a major role in international financial markets, while trade in indexed bonds is limited. As a result, agents are exposed to both price and exchange rate uncertainty. Nonetheless, previous research on net capital flows has assumed the presence of a risk-free vehicle to intertemporal asset trade. In this paper, the authors develop a general equilibrium intertemporal model with trade limited to nominal bonds equity. |
SCIMA