Results 21 to 30 of about 83,691 (47)
The Quanto Theory of Exchange Rates
The American Economic Review, 2019 We present a new identity that relates expected exchange rate appreciation to a risk-neutral covariance term, and use it to motivate a currency forecasting variable based on the prices of quanto index contracts.
Lukas Kremens, Ian J. Martin
semanticscholar +1 more source
Does Incomplete Spanning in International Financial Markets Help to Explain Exchange Rates?
The American Economic Review, 2016 We assume that domestic (foreign) agents, when investing abroad, can only trade in the foreign (domestic) risk-free rates. In a preference-free environment, we derive the exchange rate volatility and risk premia in any such incomplete spanning model, as ...
Hanno N. Lustig, A. Verdelhan
semanticscholar +1 more source
Do Firms Smooth Earnings Less When They Can Hedge Noise Better?
Social Science Research NetworkFirms’ use of accounting discretion to report a smooth earnings profile is commonly believed to be pervasive. We examine whether smoothing, at least partly, reflects managerial attempts to avert unhealthy pressures from outsiders who cannot fully ...
Elia Ferracuti +2 more
semanticscholar +1 more source
International Prices, Costs, and Markup Differences
, 2011 Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into ...
Gita Gopinath +3 more
semanticscholar +1 more source
The Cross Section of Foreign Currency Risk Premia and Consumption Growth Risk
, 2005 Hanno N. Lustig, A. Verdelhan
semanticscholar +1 more source
Infrequent Portfolio Decisions: A Solution to the Forward Discount Puzzle
, 2010 P. Bacchetta, Eric van Wincoop
semanticscholar +1 more source
Home Bias in Global Bond and Equity Markets: The Role of Real Exchange Rate Volatility
, 2007 Michael Fidora +2 more
semanticscholar +1 more source
Multi-Product Firms and Exchange Rate Fluctuations
, 2013 A. Chatterjee +2 more
semanticscholar +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Social Science Research Network, 2021
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
semanticscholar +1 more source
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
semanticscholar +1 more source
A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
Social Science Research Network, 2022This note isolates an overlooked economic force for the ruble to appreciate in response to international sanctions limiting exports to Russia. The intuition is that when Russians are unable to buy the mix of foreign goods they wish, foreign goods become ...
G. Lorenzoni, I. Werning
semanticscholar +1 more source