English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

In this article, we investigate whether exchange rate risk is priced. We usea multivariate GARCH-in-Mean specification and test alternative conditionalinternational CAPM versions. Our results support strongly the internationalasset-pricing model that includes exchange rate risk for both developed andemerging stock markets. However, there are important time and cross-countryvariations in the relative size and dynamics of different risk premia.

La prime de risque dans un cadre international : le risque de change est-il appr\'eci\'e ?