International Monetary System and Exchange-Rate
The exposure coefficient, b, is defined as follows: where Cov(P,S) is the covariance between the dollar value of the asset and the exchange rate, and Var(S) is the
The exposure coefficient, b, is defined as follows: where Cov(P,S) is the covariance between the dollar value of the asset and the exchange rate, and Var(S) is the
Language can then be defined as "a patterned communication system of arbitrary sound signals, characterized by structure dependence, creativity, displacement, duality and
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