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- W2891808917 abstract "Survey data on a broad cross section of 17 currencies are used to determine whether the forward discount moves primarily in response to changes in expectations of depreciation, or in the risk premium. We find that changes in expected depreciation are quantitatively significant. However we also find evidence, in contrast to earlier studies involving only four or five major currencies, that variation in the risk premium constitutes a large part of variation in the forward discount as well." @default.
- W2891808917 created "2018-09-27" @default.
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- W2891808917 date "1991-08-01" @default.
- W2891808917 modified "2023-09-27" @default.
- W2891808917 title "Exchange Rate Expectations and the Risk Premium: Tests For a Cross- Section of 17 Currencies" @default.
- W2891808917 hasPublicationYear "1991" @default.
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