Format:
Online-Ressource (35 p)
Edition:
Online-Ausg.
ISBN:
1451847122
,
9781451847123
Series Statement:
IMF Working Papers Working Paper No. 02/51
Content:
This paper examines the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, it decomposes the impact of a country''s net foreign asset position (""external wealth"") on its long-run real exchange rate into two mechanisms: the relation between external wealth and the trade balance; and, holding other determinants fixed, a relation between the trade balance and the real exchange rate. It also provides additional evidence that the relative price of nontradables is an important channel linking the trade balance and the real exchange rate
Additional Edition:
Erscheint auch als Druck-Ausgabe Lane, Philip External Wealth, the Trade Balance, and the Real Exchange Rate Washington, D.C. : International Monetary Fund, 2002 ISBN 9781451847123
Language:
English
DOI:
10.5089/9781451847123.001
