The Returns to Currency Speculation
收藏NBER2006-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12489
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资源简介：
Currencies that are at a forward premium tend to depreciate. This 'forward-premium puzzle' represents an egregious deviation from uncovered interest parity. We document the properties of returns to currency speculation strategies that exploit this anomaly. We show that these strategies yield high
提供机构：
美国国家经济研究局
创建时间：
2006-08-01
