Hidden Bibliographic Details
Other authors / contributors: | International Monetary Fund. Research Department, issuing body.
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ISBN: | 1455201995 9781455201990 1462391303 9781462391301 1455280801 9781455280803 1281600474 9781281600479 9786613781161 6613781169
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Notes: | Includes bibliographical references (pages 31-34). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | Annotation This paper analyzes exchange rate behavior in a model where consumers trade goods to diversify shocks to their income. a model with traded and nontraded goods is simulated in a multilateral context based upon historical output correlations for the period 197092. Simulation results indicate that the observed volatility of multilateral real exchange rates for the United States, Germany and Japan is not inconsistent with exchange rate volatility implied by consumption-smoothing behavior.
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Other form: | Print version: Turtelboom, Bart. Consumption smoothing and exchange rate volatility. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1995
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