Tests of Three Parity Conditions: Distinguishing Risk Premia and Systematic Forecast Errors
收藏NBER1994-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4923
下载链接
链接失效反馈官方服务：
资源简介：
Two explanations are given for why nominal or real returns differ across currencies: foreign exchange risk premia and systematic (rational) forecast errors. This study reexamines three parity conditions in international finance, uncovered interest parity, purchasing power parity, and real interest
提供机构：
美国国家经济研究局
创建时间：
1994-11-01
