The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
收藏NBER1995-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5312
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资源简介：
Forward exchange rate unbiasedness is rejected in tests from the current floating exchange rate era. This paper surveys advances in this area since the publication of Hodrick's (1987) survey. It documents that the change in the future exchange rate is generally negatively related to the forward
提供机构：
美国国家经济研究局
创建时间：
1995-10-01
