Firm Default Risks and Exchange Rates
The author integrates financial frictions from company default choices into an open-economy model to create realistic exchange rate patterns, solving the BackusSmith puzzle.
Featured in No. 56 on 10 Jul 2024 · 5 days after release
- Released
- 5 Jul 2024
- First featured
- No. 56 · 10 Jul 2024
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- Not yet, as far as Semantic Scholar knows
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- Identifier
- SSRN 4886183
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