Is it Risk? Explaining Deviations from Uncovered Interest Parity
收藏NBER1987-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2380
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This paper analyzes ex-ante returns to forward speculation and asks if these returns can be explained by models of a foreign exchange risk premium. After presenting evidence that both nominal and real expected speculative profits are non-zero, the paper examines if real returns to forward
本文分析了远期投机的事前收益（ex-ante returns），并探讨这些收益是否可由外汇风险溢价（foreign exchange risk premium）模型解释。在呈现名义与实际预期投机利润均不为零的证据后，本文考察了远期的实际收益是否
提供机构：
美国国家经济研究局
创建时间：
1987-09-01
