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Exploring the failure of foreign aid: The role of incentives and information

✍ Scribed by Claudia R. Williamson


Publisher
Springer US
Year
2009
Tongue
English
Weight
199 KB
Volume
23
Category
Article
ISSN
0889-3047

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## Abstract This paper posits asymmetric information as the missing link between the currency demands of investors and changes in the exchange rate. A theoretical model demonstrates that changes in the exchange rate and currency demand are positively correlated for well‐informed investors and negat