Gomis Porqueras, PedroKam, TimothyLee, Junsang2015-12-080020-6598http://hdl.handle.net/1885/35347We explore how the informational frictions underlying monetary exchange affect international exchange rate dynamics. Our perfectly flexible price model is capable of producing endogenously rigid international relative prices in response to technology and201310.1111/j.1468-2354.2012.00735.x2015-12-08