07-033/2 - The Forward Premium Puzzle only emerges gradually

• Authors
  Kerstin Bernoth, De Nederlandsche Bank, and ZEI-University of Bonn; Jürgen von Hagen, University of Bonn, Indiana University, and CEPR; Casper G. de Vries, Erasmus Universiteit Rotterdam
• Publication date
  March 29, 2007

• Keywords
  exchange rates; market efficiency; forward premium puzzle; uncovered interest parity; futures rates
• JEL
  F31; F37; G13