based on foreign holdings of money, the model pegs exchange rates to allow for currency speculation. the effect of international trade,deposits,loans, and investments are discussed.Proof is given that the model is self limiting and risk compensating. Situations for which the model is more or less suitable are discussed. the purpose of the model, not it correspondence with a particular reality, was the driving concern in its development
based on foreign holdings of money, the model pegs exchange rates to allow for currency speculation. the effect of international trade,deposits,loans, and investments are discussed.Proof is given that the model is self limiting and risk compensating. Situations for which the model is more or less suitable are discussed. the purpose of the model, not it correspondence with a particular reality, was the driving concern in its development
การแปล กรุณารอสักครู่..
