Explaining Forward Exchange Bias..Intraday
收藏NBER1995-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w4982
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资源简介:
Intraday interest rates are zero. Consequently, a foreign exchange dealer can short a vulnerable currency in the morning, close this position in the afternoon, and never face an interest cost. This tactic might seem especially attractive in times of crisis, since it suggests an immunity to the
提供机构:
美国国家经济研究局
创建时间:
1995-01-01



