Exchange rates, macroeconomic fundamentals and risk aversion
This paper proposes a theoretical model for determining the exchange rate based on the interaction between international bond markets with different maturities. The model accommodates the presence of risk premia between short- and long-term bonds. The difference in risk premium between international...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2014-06-13.
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| Subjects: | |
| Online Access: | Get fulltext |