id author title date pages extension mime words sentence flesch summary cache txt p5547p90q35 James R Young Essays on the Forward Premium Anomaly 2011 .txt text/plain 280 14 47 The anomaly refers to the violation of uncovered interest parity (UIP) in the form of a negative estimate of the slope coefficient in the regression of the future percent change in the spot exchange rate measured in units of domestic currency per foreign currency on the interest rate differential between the home and foreign countries. I first reexamine conventional risk factors as explanations of the anomaly that were previously evaluated in the literature. cache/p5547p90q35.txt txt/p5547p90q35.txt