Title: Currency Risk Premiums: A Multi-Horizon Perspective (Foundations and Trends(r) in Finance)
Publisher: Now Publishers Inc
Publication Date: 2023
Language: English
ISBN 10: 1638283109
ISBN 13: 9781638283102
Binding: Paperback
Condition: Brand New
Weight: 0.12 kilograms

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Synopsis

Currency Risk Premiums: A Multi-Horizon Perspective reviews the literature on multi-horizon currency risk premiums. It shows how the multi-horizon implications arise from the classic present-value relationship. The authors further show how these implications manifest themselves in the interaction between bond and currency risk premiums. This link is strengthened by explicitly accounting for stochastic discount factors. Information about currency risk premiums at different horizons presents a wealth of new evidence and challenges for existing models.

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