El Dólar Como Activo Financiero: Teoría y Evidencia Chilena

Fernando Lefort and Eduardo Walker ()

Latin American Journal of Economics-formerly Cuadernos de Economía, 1999, vol. 36, issue 109, 1035-1066

Abstract: The exchange rate can be seen as the price that equalizes the present value of expected future exports to the present value of expected future imports and debt payments. In that context, foreign exchange must behave as an asset price. In this paper we dev

Keywords: Exchange rates; asset pricing; Chile (search for similar items in EconPapers)
JEL-codes: F31 G12 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (2)

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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

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