The Forward Premium is Still a Puzzle
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13129
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资源简介：
Lustig and Verdelhan (2007) argue that the excess returns to borrowing US dollars and lending in foreign currency "compensate US investors for taking on more US consumption growth risk," yet the stochastic discount factor corresponding to their benchmark model is approximately uncorrelated with the
提供机构：
美国国家经济研究局
创建时间：
2007-05-01
