whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in … countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to be considerable differences … between the euro-area and the successful monetary union of the USA: the euro-area showed a much lower insurance of asymmetric …

We investigate possible presence of time-varying risk premia in forward pound, yen,and Euro monthly exchange rates …-varying risk premium component in yen and Euro. The same model provides evidence for the presence of risk premium in pound over a … versus the US dollar 3 over the last two decades. We study this issue using regression techniques and separately using a …

We investigate time varying risk premia in forward dollar/pound monthly exchange rates over the last two decades. We …

Using tick-by-tick data of the dollar-yen and euro-dollar exchange rates recorded in the actual transaction platform, a …