Pricing Currency Risk is popular PDF and ePub book, written by Sergio L. Schmukler in 2002, it is a fantastic choice for those who relish reading online the Capital costs genre. Let's immerse ourselves in this engaging Capital costs book by exploring the summary and details provided below. Remember, Pricing Currency Risk can be Read Online from any device for your convenience.
Pricing Currency Risk Book PDF Summary
Hard pegs, such as currency boards, intend to reduce or even eliminate currency risk. This paper investigates the patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed rigidity of currency boards, the currency premium is almost always positive and at times very large. Its term structure is usually upward sloping, but flattens out or even becomes inverted at times of turbulence. Currency premia differ across markets. The forward discount typically exceeds the currency premium derived from interbank rates, particularly during crisis times. The large magnitude of these cross-market differences can be the consequence of unexploited arbitrage opportunities, market segmentation, or other risks embedded in typical measures of currency risk. The premium and its term structure depend on domestic and global factors, related to devaluation expectations and risk perceptions.
Detail Book of Pricing Currency Risk PDF
- Author : Sergio L. Schmukler
- Release : 21 September 2024
- Publisher : Unknown
- ISBN : UCSD:31822029549623
- Genre : Capital costs
- Total Page : 88 pages
- Language : English
- PDF File Size : 12,9 Mb
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