An edition of Understanding the forward premium puzzle
(2007)
Understanding the forward premium puzzle
a microstructure approach
by Craig Burnside
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"High-interest-rate currencies tend to appreciate relative to low-interest-rate currencies. We argue that adverse-selection problems between participants in foreign exchange markets can account for this 'forward premium puzzle.' The key feature of our model is that the adverse selection problem facing market makers is worse when, based on public information, a currency is expected to appreciate"--National Bureau of Economic Research web site.
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Understanding the forward premium puzzle: a microstructure approach
2007, National Bureau of Economic Research
in English
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Understanding the forward premium puzzle: a microstructure approach
2007, National Bureau of Economic Research
electronic resource :
in English
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Book Details
Edition Notes
Title from PDF file as viewed on 8/17/2007.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| January 31, 2010 | Edited by WorkBot | add more information to works |
| December 9, 2009 | Created by WorkBot | add works page |