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Discussion of Alvarez and Dixit: A real options perspective on the euro
Institution:1. Stern School of Business, New York University, 44 West Fourth Street, New York, NY 10012, United States;2. NBER, United States;1. University of Chicago Booth School of Business, USA;2. NBER, USA;1. Sao Paulo School of Economics-FGV, Brazil;2. Michigan State University, United States;1. Harvard University, USA;2. Bank of International Settlements, Switzerland;3. INSEAD, France;1. Paris School of Economics, University of Paris 1 Panthéon-Sorbonne, and CEPR, France;2. Australian National University, CAMA, and EABCN, Australia;3. University .of Washington, CEPR, EABCN, and NBER, United States;1. Division of Monetary Affairs, Federal Reserve Board, Washington, DC 20551, USA;2. 4987 Preakness Place, Bethlehem, PA 18020, USA
Abstract:
Keywords:The euro  Euro Area  Real option  Option value
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