Foreign Exchange Risk Premium : Does Fiscal Policy Matter? Evidence From Italian Data /
This paper challenges the conventional view that foreign exchange risk premiums are small, not volatile, and unrelated to macroeconomic variables. For the Italian lira (1987-94), unconditional risk premiums-constructed using survey data to measure exchange rate expectations-are found to be sizable (...
| Hlavní autor: | |
|---|---|
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1997/039 |
| On-line přístup: | Full text available on IMF |