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The Role of Private Financial Wealth in a Portfolio Model

The Role of Private Financial Wealth in a Portfolio Model

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9780230375543
Condition
New
Product Description

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.

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