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3rd Year - International Finance > Lecture 8 - FOREX Market Efficiency II > Flashcards

Lecture 8 - FOREX Market Efficiency II Flashcards

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1
Q

In a highly influential paper, Fama (1984) notes that…

A

High interest rate currencies tend to appreciate.

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2
Q

High interest should…

A

Depreciate rather than appreciate.

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3
Q

This phenomenon ‘forward bias puzzle’ contrasts with…

A

The UIP.

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4
Q

What is the Peso problem?

A

Explains how investors can be rational and yet make systematic mistakes.

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3rd Year - International Finance (9 decks)

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