Foreign Exchange Risk Premium : Does Fiscal Policy Matter? Evidence From Italian Data /
This paper challenges the conventional view that foreign exchange risk premiums are small, not volatile, and unrelated to macroeconomic variables. For the Italian lira (1987-94), unconditional risk premiums-constructed using survey data to measure exchange rate expectations-are found to be sizable (...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 1997/039 |
| الوصول للمادة أونلاين: | Full text available on IMF |