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The Role of Private Financial Wealth in a Portfolio Model

The Role of Private Financial Wealth in a Portfolio Model PDF Author: A. Calderon-Madrid
Publisher: Springer
ISBN: 0230375545
Category : Business & Economics
Languages : en
Pages : 137

Book 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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