Fixes: Of The Forward Discount Puzzle
收藏NBER1994-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4928
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资源简介：
Regressions of ex post changes in floating exchange rates on appropriate interest differentials typically imply that the high- interest rate currency tends to appreciate, the `forward discount puzzle.' Using data from the European Monetary System, we find that a large part of the forward discount
提供机构：
美国国家经济研究局
创建时间：
1994-11-01
