Zhang, Zhibai (2011): Some notes on the behavioral equilibrium exchange rate model.
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A regular phenomenon of the behavioral equilibrium exchange rate (BEER) model is analyzed. The result derived by the model is proved to contradict the economic fact and that by the Balassa-Samuelson model. The BEER model cannot be used, therefore, to calculate equilibrium exchange rate.
|Item Type:||MPRA Paper|
|Original Title:||Some notes on the behavioral equilibrium exchange rate model|
|Keywords:||Behavioral equilibrium exchange rate; Chinese renminbi|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
F - International Economics > F3 - International Finance > F31 - Foreign Exchange
|Depositing User:||Zhibai Zhang|
|Date Deposited:||30. Aug 2012 11:27|
|Last Modified:||25. Aug 2015 22:49|
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