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- W2064194927 abstract "This paper presents a numerical analysis of an optimizing, equilibrium model of the risk premium in the forward foreign exchange market. An overlapping-generations model with incomplete markets is employed. Because the equilibria are analytically intractable, the model must be solved numerically. The authors show how changes in the distribution of the exogenous variables affect the distribution of the risk premium. They find that the properties of the real risk premium have far more intuitive appeal than those of the more commonly employed nominal risk premium. Copyright 1995 by Ohio State University Press." @default.
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- W2064194927 title "The Foreign Exchange Risk Premium: Is It Real?" @default.
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