Forward and Spot Exchange Rates in a Multi-currency World
NBER Working Paper No. 20294
---- Acknowledgments ----
We are grateful to Pol Antras, Craig Burnside, John Cochrane, Xavier Gabaix, Jeremy Graveline, Ralph Koijen, Hanno Lustig, Matteo Maggiori, Lukas Menkhoff, Toby Moskowitz, Ralph Ossa, Andreas Schrimpf, Alireza Tahbaz-Salehi, Andrea Vedolin, and Adrien Verdelhan. We also thank seminar participants at the University of Chicago, CITE Chicago, the Chicago Junior Finance Conference, KU Leuven, University of Sydney, New York Federal Reserve, University of Zurich, SED annual meetings, and the NBER Summer Institute for useful comments. All mistakes remain our own. Tarek Hassan is grateful for financial support from the Fama-Miller Center for Research in Finance at the University of Chicago. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.