haku: @author Bacchetta, P. / yhteensä: 8
viite: 4 / 8
| Tekijä: | Bacchetta, P. |
| Otsikko: | Trade in nominal assets and net international capital flows |
| Lehti: | Journal of International Money and Finance
2000 : FEB, VOL. 19:1, p. 55-72 |
| Asiasana: | TRADE INTERNATIONAL CAPITAL |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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