This groundbreaking short book will change the way you think about currencies, prices, income, risk, asset pricing and risk premia. Adapted from the author s Oxford University thesis it generalises and corrects for a major bias in existing theory, then shows that periods of high volatility and high correlation should coincide, proves that forward prices are biased predictors of future spot prices, rescues consumption-based asset pricing from a newly discovered vulnerability, rationalises an astonishing amendment to CAPM, and proposes a new solution to the Equity Risk Premium Puzzle.
Base Currency Risk: A New Paradigm for Financial Economics read online
Edward Conway Base Currency Risk: A New Paradigm for Financial Economics free
Base Currency Risk: A New Paradigm for Financial Economics ipod
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.