Relationship between external wealth, trade balance, and the real exchange rate : a case study on the US.
Lane and Milesi-Ferreti (2002) show that a country’s external wealth, trade balance and the real exchange rate are interrelated. They shown that in the long-run, there is a negative relation between the trade balance and the real exchange rate. And that the magnitude of the trade balance coefficient...
Main Authors: | Chia, Andrew Teck Fatt., Tan, Jessica Pei Ying., Tan, Ming Hui. |
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Other Authors: | Chia Wai Mun |
Format: | Final Year Project (FYP) |
Language: | English |
Published: |
2010
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/42420 |
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