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Money in the utility function: an adequate microfoundation of money?
Croushore, Dean D. - Federal Reserve Bank of Philadelphia - 1989
Persistent link: https://www.econbiz.de/10005389618
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Real and monetary explanations of permanent movements in GNP
Boschen, John F.; Mills, Leonard O. - Federal Reserve Bank of Philadelphia - 1989
Persistent link: https://www.econbiz.de/10005389635
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Toward a theory of international currency: a step further
Trejos, Alberto; Wright, Randall - Federal Reserve Bank of Philadelphia - 1995
Persistent link: https://www.econbiz.de/10005389656
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Incomplete markets, borrowing constraints, and the foreign exchange risk premium
Leduc, Sylvain - Federal Reserve Bank of Philadelphia - 2000
A large body of literature documents that returns from currency speculation are highly volatile and possess a predictable component, which is itself highly volatile and serially correlated. Explaining the returns from currency speculation through the presence of a risk premium has proven...
Persistent link: https://www.econbiz.de/10005389746