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Can exchange rate volatility explain persistence in the forward premium?

โœ Scribed by Neil Kellard; Nicholas Sarantis


Book ID
116641649
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
247 KB
Volume
15
Category
Article
ISSN
0927-5398

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โœ Tuomas A. Peltonen; Adina Popescu; Michael Sager ๐Ÿ“‚ Article ๐Ÿ“… 2010 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 266 KB ๐Ÿ‘ 1 views

A core stylized fact of the empirical exchange rate literature is that half-life deviations of equilibrium real exchange rates from levels implied by Purchasing Power Parity (PPP) are very persistent. Empirical efforts to explain this persistence typically proceed along two distinct paths, resorting