Some New Evidence of a Risk Premium in the Determination of the U.S. Dollar Vis-a-vis the Currencies of the Other G-5 Members
Title | Some New Evidence of a Risk Premium in the Determination of the U.S. Dollar Vis-a-vis the Currencies of the Other G-5 Members PDF eBook |
Author | Terence C. Mills |
Publisher | |
Pages | 14 |
Release | 1993 |
Genre | Economics |
ISBN |
Economics Letters Volume 45,No.1 May 1994 ISSN:0165-1765
Title | Economics Letters Volume 45,No.1 May 1994 ISSN:0165-1765 PDF eBook |
Author | Eric Maskin,Editor |
Publisher | |
Pages | 978 |
Release | |
Genre | |
ISBN |
Bibliographie der Wirtschaftswissenschaften
Title | Bibliographie der Wirtschaftswissenschaften PDF eBook |
Author | |
Publisher | |
Pages | 1040 |
Release | 1995 |
Genre | Economics |
ISBN |
Bibliographie der Staats-und Wirtschaftswissenschaften
Title | Bibliographie der Staats-und Wirtschaftswissenschaften PDF eBook |
Author | |
Publisher | |
Pages | 1040 |
Release | 1995 |
Genre | Classification |
ISBN |
International Reserves and Foreign Currency Liquidity
Title | International Reserves and Foreign Currency Liquidity PDF eBook |
Author | International Monetary Fund. Statistics Dept. |
Publisher | International Monetary Fund |
Pages | 258 |
Release | 2015-01-07 |
Genre | Business & Economics |
ISBN | 1484350162 |
This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Biblio List Updates in Print
Title | Biblio List Updates in Print PDF eBook |
Author | |
Publisher | |
Pages | 796 |
Release | 1992-04 |
Genre | Economics |
ISBN |
Variance Risk Premiums and the Forward Premium Puzzle
Title | Variance Risk Premiums and the Forward Premium Puzzle PDF eBook |
Author | Juan M. Londono |
Publisher | |
Pages | 67 |
Release | 2016 |
Genre | |
ISBN |
We provide new empirical evidence that world currency and U.S. stock variance risk premiums have nonredundant and significant predictive power for the appreciation rates of twenty-two currencies with respect to the U.S. dollar, especially at the four-month and one-month horizons, respectively. The heterogeneous exposures of currencies to the currency variance risk premium are systematically rising along the line of inflation risk. We rationalize these findings in a consumption-based asset pricing model, with local consumption uncertainty and global inflation uncertainty characterized, respectively, by the stock and currency variance risk premiums.