On Biases in the Measurement of Foreign Exchange Risk Premiums
收藏NBER1991-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3861
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资源简介：
The hypothesis that the forward rate is an unbiased predictor of the future spot rate has been consistently rejected in recent empirical studies. This paper examines several sources of measurement error and misspecification that might induce biases in such studies. Although previous inferences are
提供机构：
美国国家经济研究局
创建时间：
1991-10-01
