Pricing Currency Risk under Currency Boards
Currency risk is one of the two components of the total interest rate differential. Hard pegs, such as currency boards, are meant to reduce or even eliminate currency risk, thus, reducing domestic interest rates. This paper investigates the patterns and determinants of the currency risk premium in t...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
Elsevier
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16312 |