作者：Noussair, CN; Plott, CR; Riezman, RG
作者单位：California Institute of Technology; University of Iowa
摘要：This paper reports the first experiments designed to explore the behavior of economies with prominent features of international finance. Two ''countries,'' each with its own currency, were created. International trade could take place only through the operation of markets for currency. The law of one price and the flow of funds theory of exchange rate determination were used to produce general equilibrium models that captured much of the behavior of the economies, Prices of goods, as well as t...
