Five Facts about the UIP Premium
收藏NBER2021-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28923
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资源简介：
We introduce a new measure of currency risk for emerging markets, the UIP premium, and highlight five key insights into its cross-sectional and time-series properties. We derive the UIP premium from survey data on exchange rate expectations and show that it captures a substantial local risk factor,
提供机构：
美国国家经济研究局
创建时间：
2021-06-01
