Three essays in economics
<p> In chapter 1, I show that since the Fall of 2008, out-of-the money puts on high interest rate currencies have become significantly more expensive than out-of-the-money calls, suggesting a large crash risk of those currencies. To evaluate crash risk precisely, I propose a parsimonious struc...
| Main Author: | |
|---|---|
| Language: | EN |
| Published: |
New York University
2015
|
| Subjects: | |
| Online Access: | http://pqdtopen.proquest.com/#viewpdf?dispub=3716522 |