| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 964126 | Journal of International Financial Markets, Institutions and Money | 2011 | 8 Pages |
Abstract
⺠CIP explains the forward-bias puzzle. ⺠CIP explains why UIP fails. ⺠Neither a failure of rational expectations nor risk premiums cause UIP to fail. ⺠Risk premiums are the result of the failure of UIP.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
John Pippenger,