The forward premium puzzle in the interwar period and deviations from covered interest parity

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 108
Issue: 1
Pages: 55-57

Authors (3)

Paya, Ivan (Universidad de Alicante) Peel, David A. (Lancaster University) Spiru, Alina (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

Abstract

We revisit the forward premium puzzle in the interwar period and find that, as the deviation from covered interest rate parity increases, the coefficient on the forward premium in the standard Fama regression tends towards zero.

Technical Details

RePEc Handle
repec:eee:ecolet:v:108:y:2010:i:1:p:55-57
Journal Field
General
Author Count
3
Added to Database
2026-01-28