The world price of foreign exchange risk B Dumas, B Solnik - The journal of fina

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【全文链接或数据库名称(选填)】The world price of foreign exchange riskB Dumas, B Solnik - The journal of finance, 1995 - Wiley Online Library
... The new time-varying term, λ 0 , t − 1 , appears as a way of ensuring that equation (3a) is
satisfied. It is not a market price of risk. It is the pure reflexion of the current level of the short
rate” of interest, ρ t − 1 , compared to the current levels of the risk premia. ...
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