The Forward Premium Puzzle in a Two-Country World
收藏NBER2011-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17564
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资源简介：
I explore the behavior of asset prices and the exchange rate in a two-country world. When the large country has bad news, the relative price of the small country's output declines. As a result, the small country's bonds are risky, and uncovered interest parity fails, with positive excess returns
提供机构：
美国国家经济研究局
创建时间：
2011-11-01
