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The Solution to the Forward-Bias and Related Puzzles

Pippenger, John E - Department of Economics, University of California-Santa … - 2010

The forward-bias puzzle is probably the most important puzzle in international finance. But there is a simple solution. Covered interest parity implies that the forward-bias puzzle is the result of two omitted variables: (1) the future change in the forward exchange rate and (2) the future...

Persistent link: https://www.econbiz.de/10010678027

A COMPLETE SOLUTION TO THE FORWARD-BIAS PUZZLE

Pippenger, John - Department of Economics, University of California-Santa … - 2011

A complete solution to the forward-bias puzzle should provide an econometric solution and an economic explanation for that solution. A complete solution should also explain the closely related failure of uncovered interest parity. In addition it should explain some related anomalies. One such...

Persistent link: https://www.econbiz.de/10010678022

The Forward-Bias Puzzle: A Solution Based on Covered Interest Parity

Pippenger, John - Department of Economics, University of California-Santa … - 2009

When covered interest parity holds, as appears to be the case, the forward exchange rate is not the expected future spot rate. As a result: (1) in general covered and uncovered interest parity are mutually inconsistent; (2) the standard equation that produces the forward-bias puzzle is...

Persistent link: https://www.econbiz.de/10010678015

The Fragility of Overshooting

Pippenger, John - Department of Economics, University of California-Santa … - 2012

Using VAR, a large literature claims to find evidence of some form of Dornbuschovershooting. But the evidence is fragile in the sense of Leamer. The literature uses the wrong test for overshooting, unusually narrow confidence intervals and questionable shocks. In addition, it is difficult to...

Persistent link: https://www.econbiz.de/10010678006

Political vs. Currency Premia in International Real Estate Differentials: A Study of Forward Rates for 24 Countries

Frankel, Jeffrey A.; MacArthur, Alan T. - Institute of Business and Economic Research (IBER), … - 1987

Persistent link: https://www.econbiz.de/10010843308

The Green Bean Coffee House: An exploration of the specialty coffee Industry and sustainable business practices

Hunt, Evan - 2009

, as well as enables the buyer and producer, as business partners, to set the price and production standards.The coffee … house itself is the perfect medium for exploring the principles and benefits of sustainable business. Not only because of … information gather from primary and secondary sources I have formulated a fully developed “sustainable” business model that goes …

Persistent link: https://www.econbiz.de/10009455879

Family-Owned Businesses: Determinants of Business Success and Profitability

Wallace, Jeffrey S. - 2010

The purpose of this study was to examine many factors associated with family-owned businesses that lead to business … success and profitability. The panel data used in this study came from the 1997 and 2000 waves of the National Family Business … Study (NFBS). Many independent variables from the 1997 wave (e.g., age, gender, managerial activities, business size, home …

Persistent link: https://www.econbiz.de/10009482354

Essays on Indiaâ€™s Economy: Growth and Innovation

Singh, Nirvikar - Center for Global, International and Regional Studies, … - 2014

This is a collection of essays written for the Financial Express, an Indian financial daily. The common themes of these essays, which cover a period of almost four years, from August 2010 to June 2014, are issues of growth and innovation in India, considered in two sequential parts, each part...

Persistent link: https://www.econbiz.de/10011130437

Essays on India in a Global Context Â Â

Singh, Nirvikar - Center for Global, International and Regional Studies, … - 2014

This is a collection of essays written for the Financial Express, an Indian financial daily. The common theme of these essays, which cover a period of almost four years, from October 2010 to May 2014, is the issue of how India is finding its place in the world, after a history of colonization...

Persistent link: https://www.econbiz.de/10011130450

Essays on Indiaâ€™s Economy: Perspectives on Policy Reform

Singh, Nirvikar - Center for Global, International and Regional Studies, … - 2014

This is a collection of essays written for the Financial Express, an Indian financial daily. The common theme of these essays, which cover a period of almost four years, from June 2010 to March 2014, is the Indiaâ€™s struggles with economic policy reform. The essays are organized into...

Persistent link: https://www.econbiz.de/10011130465