Hidden Bibliographic Details
| Other authors / contributors: | Milesi-Ferretti, Gian Maria.
International Monetary Fund. Research Department.
|
|---|
| Notes: | Includes bibliographical references (pages 35-38).
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
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | The relationship between international payments and the real exchange rate-the "transfer problem"--Is a classic question in international economics. We use new data on countries' net external positions together with real exchange rate data to shed light on this question. We present a model yielding testable implications on the long-run co-movements of real exchange rates, external positions, relative GDP and terms of trade, and cross-country and time-series evidence on the subject. Countries with net external liabilities are found to have more depreciated real exchange rates, with the main channel of transmission working through the relative price of nontraded goods
|
|---|
| Other form: | Print version: Lane, Philip R., 1969- Transfer problem revisited. [Washington, D.C.] : International Monetary Fund, Research Dept., ©2000
|
|---|
