1 Subjects: “...Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation...”

2 Subjects: “...International trade...”

3 Subjects: “...International trade...”

4 Subjects: “...Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation...”

5 Subjects: “...Macroeconomic Aspects of International Trade and Finance: General...”

6 “... and liabilities. We examine this valuation channel in a dynamic equilibrium portfolio model with international...”