The inflation rate and financial premium

研究成果: Article同行評審

摘要

The conventional wisdom recognizes that depreciating the official exchange rate reduces the spread between official and financial exchange rates and hence financial premium decreases in the financial market. This article aims to investigate whether a trade-off between the inflation rate and financial premium does exist. Both theoretical examinations and numerical simulations indicate that the support for this property is extremely fragile. We also find that the less patient the government, the more stability of domestic price and financial premium.

原文English
頁(從 - 到)689-692
頁數4
期刊Applied Economics Letters
16
發行號7
DOIs
出版狀態Published - 2009

All Science Journal Classification (ASJC) codes

  • 經濟學與計量經濟學

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