Affine Models of Currency Pricing
收藏NBER1996-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5623
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Perhaps the most puzzling feature of currency prices is the tendency for high interest rate currencies to appreciate, when the expectations hypothesis suggests the reverse. Some have attributed this forward premium anomaly to a time-varying risk premium, but theory has been largely unsuccessful in
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美国国家经济研究局创建时间：
1996-06-01
