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A theoretical and empirical investigation on the validity of the uncovered interest parity
Blom, M.H.J. - de Nederlandsche Bank - 1999
absence of rational expectations or by risk premia in the foreign exchange market. By means of survey data, this study … demonstrates that both aspects are indeed important. On the one hand, survey expectations deviate systematically from future …
Persistent link: https://www.econbiz.de/10005021868
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What do we Understand about Exchange Rates
Vlaar, P.J.G. - de Nederlandsche Bank - 2002
One of the major puzzles of the economic profession is the pricing of exchange rates. Despite the development of numerous theories, the actual behaviour of exchange rates, especially in the short run, is not well understood. This article evaluates several popular exchange rate theories and...
Persistent link: https://www.econbiz.de/10005101887