Exchange Rate Volatility, Trade, and Capital Flows under Alternative Exchange Rate RegimesRecent years have seen a substantial increase in the volatility of exchange rates. This trend has prompted economists and finance analysts to question if the observed behavior of exchange rates is consistent with a rational model. Does that volatility, further, hinder trade? Professors Sercu and Uppal examine these issues in the context of dynamic general equilibrium models, explicitly considering the role of financial markets while allowing for commodity markets to be segmented across countries.
Launched in 1978, Winestate is one of the world’s longest running wine magazines, featuring over 140 pages on all things vinous from around the globe. Winestate tastes and rates over 10,000 wines a year, making Winestate the leading authority on Australian and New Zealand wines.
Launched in 1978, Winestate is one of the world’s longest running wine magazines, featuring over 140 pages on all things vinous from around the globe. Winestate tastes and rates over 10,000 wines a year, making Winestate the leading authority on Australian and New Zealand wines.
Sleep and Learning: The Magic that Makes Us Healthy and Smart
If we want to make an impact on both the physical and mental health of individuals in our society (which impacts mortality rates, health care, health insurance rates, the aging process, etc.) we need to begin by educating our youth about the relevance of sleep on these issues.
