The existence of a numeraire currency in foreign exchange: Evidence from transaction spot rates for Japan, Germany, and the United States

Author: Herbst A.F.   Smith C.L.   Traichal P.A.  

Publisher: Elsevier

ISSN: 1044-0283

Source: Global Finance Journal, Vol.8, Iss.2, 1997-09, pp. : 181-197

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Abstract