The Forward Premium Puzzle Revisited /
The forward premium is a notoriously poor predictor of exchange rate movements. This failure must reflect deviations from risk neutrality and/or rational expectations. In addition, a mechanism is needed that generates the appropriate correlation between the forward premium and shocks arising from ri...
| मुख्य लेखक: | |
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| अन्य लेखक: | |
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2002.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2002/028 |
| ऑनलाइन पहुंच: | Full text available on IMF |