Overview
Access this book
Tax calculation will be finalised at checkout
Other ways to access
About this book
This book considers the implications for the dynamics of the exchange rate and private financial wealth. In a model in which fiscal imbalances are allowed to change the level of domestic public indebtedness. The analysis raises the possibility of an initial appreciation followed by a depreciation and a final exchange rate appreciation. It also highlights the importance that adjustments in the stock of privately-held financial assets have for the determination and speed of medium-run effects of shocks to the economy.
Similar content being viewed by others
Keywords
Table of contents (3 chapters)
-
Front Matter
-
Back Matter
Authors and Affiliations
About the author
ANGEL CALDERON-MADRID
Bibliographic Information
Book Title: The Role of Private Financial Wealth in a Portfolio Model
Book Subtitle: A Study of the Effects of Fiscal Deficits on the Real Exchange Rate
Authors: Angel Calderón-Madrid
DOI: https://doi.org/10.1057/9780230375543
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1995
eBook ISBN: 978-0-230-37554-3Published: 06 October 1995
Edition Number: 1
Number of Pages: XIII, 126
Topics: Macroeconomics/Monetary Economics//Financial Economics, International Political Economy