New evidence on the forward unbiasedness hypothesis in the foreign-exchange market
UNSPECIFIED. (2006) New evidence on the forward unbiasedness hypothesis in the foreign-exchange market. JOURNAL OF FUTURES MARKETS, 26 (7). pp. 627-656. ISSN 0270-7314Full text not available from this repository.
Official URL: http://dx.doi.org/10.1002/fut.20211
A large empirical literature has tested the unbiasedness hypothesis in the foreign-exchange market with the use of forward exchange rates. This article amends the conventional testing framework to exploit the information in Currency options, with a newly constructed data set for three major dollar exchange rates. The main results are that (a) tests based on stationary.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HG Finance|
|Journal or Publication Title:||JOURNAL OF FUTURES MARKETS|
|Publisher:||JOHN WILEY & SONS INC|
|Number of Pages:||30|
|Page Range:||pp. 627-656|
Actions (login required)