Exchange rate determination in a model of pricing-to-market and nontradeables
The international macroeconomic literature attributes the nominal and real exchange rate volatility to two mechanisms. The first one, underlined by Betts and Devereux [1996], lays stress on the deviation from the law of one price due to Pricing-To-Market (PTM) behavior whereas the second mechanism,...
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Main Author: |
Sopraseuth, Thepthida
Hairault, Jean-Olivier |
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Format: | Paper |
Language: | English |
Place of publication: |
2003 |
Related: |
CEPREMAP |
Data of publication: | 2003 |
Series: |
CEPREMAP Working Papers (Couverture Orange) |
Online Access: | available in Bonn? |
Database: | RePEc RePEc IDEAS Database information Databases - DBIS |