Exchange Rate Expectations : Survey of Survey Studies.
This paper presents a brief survey of the empirical literature on survey-based exchange rate expectations. The literature in general supports the presence of a non-zero risk premium and rejects the hypothesis of rational expectations. The crucial result is that, while short-run expectations tend to...
| Collectivité auteur: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1990/052 |
| Accès en ligne: | Full text available on IMF |