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Sovereign Risk x Exchange (Carneiro & Wu)
jan 30, 2007, 4:41 PM 0
Sovereign Risc and Out-of-Equilibrium Exchange Rate Dynamics, by Dionísio Dias Carneiro and Thomas Wu, published by IEPECDG (TD nº 10, Nov./06). “We show that sovereign risk premium contains important information about the short run exchange rate dynamics in emerging…