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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w0842 |
来源ID | Working Paper 0842 |
International Risk Sharing and the Choice of Exchange-Rate Regime | |
David A. Hsieh | |
发表日期 | 1982 |
出版年 | 1982 |
语种 | 英语 |
摘要 | This paper examines the argument that the fixed exchange rate regime should be preferred to the flexible rate regime because the former allows risk sharing across countries while the latter does not. The analysis is performed in a two-country overlapping generations model, where markets are incomplete under either exchange regime. In this second best world, it is demonstrated that the ability to share risk across countries in the fixed rate regime does not necessarily lead to higher welfare than the inability to share risk in the flexible rate regime. |
主题 | International Economics |
URL | https://www.nber.org/papers/w0842 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558054 |
推荐引用方式 GB/T 7714 | David A. Hsieh. International Risk Sharing and the Choice of Exchange-Rate Regime. 1982. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w0842.pdf(137KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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