Benefits of Fluctuating Exchange Rates on the Investor’s Wealth

Obonye Doctor, Edward M. Lungu and Chong Lin

Journal of Applied Mathematics, 2022, vol. 2022, 1-10

Abstract: We consider a problem of maximizing the utility of an agent who invests in a stock and a money market account incorporating proportional transaction costs λ>0 and foreign exchange rate fluctuations. Assuming a HARA utility function Uc=cp/p for all c≥0, p

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnljam:5595610

DOI: 10.1155/2022/5595610

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