FORWARD DISCOUNT BIAS - IS IT AN EXCHANGE RISK PREMIUM

被引:227
作者
FROOT, KA [1 ]
FRANKEL, JA [1 ]
机构
[1] UNIV CALIF BERKELEY,BERKELEY,CA 94720
关键词
D O I
10.2307/2937838
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
收藏
页码:139 / 161
页数:23
相关论文
共 19 条
[1]  
BILSON JFO, 1985, AM ECON REV, V75, P62
[2]   THE SPECULATIVE EFFICIENCY HYPOTHESIS [J].
BILSON, JFO .
JOURNAL OF BUSINESS, 1981, 54 (03) :435-451
[3]   A NOTE ON EXCHANGE-RATE EXPECTATIONS AND NOMINAL INTEREST DIFFERENTIALS - A TEST OF THE FISHER HYPOTHESIS [J].
CUMBY, RE ;
OBSTFELD, M .
JOURNAL OF FINANCE, 1981, 36 (03) :697-703
[4]   ARE FOREIGN-EXCHANGE FORECASTS RATIONAL - NEW EVIDENCE FROM SURVEY DATA [J].
DOMINGUEZ, KM .
ECONOMICS LETTERS, 1986, 21 (03) :277-281
[5]   FORWARD AND SPOT EXCHANGE-RATES [J].
FAMA, EF .
JOURNAL OF MONETARY ECONOMICS, 1984, 14 (03) :319-338
[6]  
FRANKEL J, 1988, AGR MACROECONOMICS E
[7]  
FRANKEL JA, 1987, AM ECON REV, V77, P133
[8]  
FRANKEL JA, 1986, IBER8611 U CAL WORK
[9]  
FROOT KA, 1987, NBER2363 WORK PAP
[10]   AN INVESTIGATION OF RISK AND RETURN IN FORWARD FOREIGN-EXCHANGE [J].
HODRICK, RJ ;
SRIVASTAVA, S .
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 1984, 3 (01) :5-29