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How puzzling is the forward premium puzzle? A meta-analysis
Download PDF: Working Paper 46

 

The study uses meta-analysis to investigate why different papers report conflicting evidence on the forward premium puzzle and finds that the puzzle is much less prevalent than commonly thought.

Authors: Diana Zigraiova (ESM), Tomas Havranek and Jiri Novak (Charles University, Prague)

Paolo Fioretti at 24th Economist Roundtable
Time shown is local time.
Klaus Regling at 24th Economist Roundtable
Time shown is local time.
Klaus Regling at Eurofi Financial Forum 2020 (Keynote)
Rolf Strauch at Eurofi Financial Forum 2020
Klaus Regling at Europaministerkonferenz
Rolf Strauch at DebtCon4
Klaus Regling at Ambrosetti's 46th Annual Forum
Rolf Strauch at 2020 Bruegel Annual Meeting
EFSF taps 2026 bond for close to €1 billion in auction, completes Q3 funding

The European Financial Stability Facility (EFSF) today conducted a tap of its 0.625% bond maturing on 16 October 2026 through an auction, and completed its third quarter funding needs with the transaction.

The deal raised €999.80 million, bringing the total size of the bond to €3,999.80 million. The EFSF targeted to raise €5 billion in the third quarter.