Download the fantastic book titled Understanding the Forward Premium Puzzle written by Craig Burnside, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Understanding the Forward Premium Puzzle", which was released on 18 June 2024. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Currency question genre.
Summary of Understanding the Forward Premium Puzzle by Craig Burnside PDF
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.
Detail About Understanding the Forward Premium Puzzle PDF
- Author : Craig Burnside
- Publisher : Anonim
- Genre : Currency question
- Total Pages : 44 pages
- ISBN :
- Release Date : 18 June 2024
- PDF File Size : 26,5 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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