The Returns to Currency Speculation
收藏NBER2006-08-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2006-08-01
