The Swiss franc safety premium
Abstract This paper applies a recent method proposed by Maggiori (The U.S. Dollar Safety Premium, 2013) to estimate the Swiss franc safety premium. The results show that the three-step instrumental variable approach as used by Maggiori does not work for the Swiss franc exchange rates. The price of r...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2018-04-01
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| Series: | Swiss Journal of Economics and Statistics |
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| Online Access: | http://link.springer.com/article/10.1186/s41937-017-0014-7 |