Exchange Rates, Country Preferences, and Gold

Exchange Rates, Country Preferences, and Gold
This paper provides indirect tests of the hypothesis that exchange rate movements may be largely coterminus with changes in preferences for holding claims on different countries. It is argued that changes in country preferences will be reflected systematically in the price of gold and, hence, that gold price movements, under the maintained... READ MORE...

Publication date: July 1992
ISBN 9781451847024
$15.00

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