First Sentence:
There is nothing new in investigating the role of the CA in exchange rate determination.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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private net stocks, net foreign asset stocks, preferred local habitat, domestic absorbtion, trade account figures, actual asset stocks, domestic bond stocks, negative net foreign asset positions, monthly estimations, portfolio dispositions, internal price ratio, complete sample period, exchange rate reacts, exchange rate influence, quarterly estimations, wealth redistribution effect, exchange rate impact, appreciation tendency, trade account surplus, exchange rate equation, asset demand functions, relative asset supplies, exchange rate determinant, portfolio equilibrium, predicted positive sign
Key Phrases - Capitalized Phrases (CAPs):
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United Kingdom, Deutsche Bundesbank, United States, West Europe, Deutschen Bundesbank, German Bundesbank, Jurgensen Report, Statistische Beihefte
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