Peso Problems and Heterogeneous Trading: Evidence From Excess Returns in Foreign Exchange and Euromarkets
收藏NBER1992-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4003
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资源简介：
Theoretical and empirical studies have treated excess returns as processes with time-varying but temporary disturbances. By contrast, empirical evidence indicates that the behavior of asset price levels can be well-approximated by processes with some permanent disturbances. These two observations
提供机构：
美国国家经济研究局
创建时间：
1992-02-01
