World trade patterns, economic disturbances, and exchange-rate management

作者: Jagdeep S. Bhandari

DOI: 10.1016/0261-5606(85)90014-2

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摘要: Abstract This paper construct and analyzes a three-country stochastic model of world trade. the objectives this are to investigate propagation economic disturbances worldwide analyze nature optimal exchange-rate management on part single country faced with monetary real accurring in all its trade patterns. The roles bilateral patterns, type underlying i.e. vs transsitory permanent optimality criterion, determining regime.

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