Computing Value Correspondences for Repeated Games with State Variables. Do Exchange Rate Move to Address International Macroeconomic Imbalances?

This paper provides empirical evidence on the effectiveness of movements in nominal exchange rates in smooting cyclical imbalances between countries, as explained by the literature on optimal currency areas.

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Year of publication:	1996
Authors:	Canzoneri, M.B. ; Valles, J. ; Vinals, J.
Subject:	EXCHANGE RATE \| FINANCIAL POLICY

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Type of publication:	Book / Working Paper
Notes:	51 pages
Classification:	F30 - International Finance. General ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005774247