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
This study assesses whether the unbiased forward rate hypothesis (UFRH) holds in its strong or weak ...
Many studies have replicated the finding that the forward rate is a biased predictor of the future c...
The difference between data used in empirical studies and that envisioned in the theory can influenc...
A large empirical literature has tested the unbiasedness hypothesis in the foreign exchange market u...
In this paper we reexamine the evidence on the forward rate unbiasedness hypothesis for the main cur...
This paper evaluates two popular regression methods of testing the unbiasedness hypothesis in the fo...
This paper provides a robust statistical approach to testing the unbiasedness hypothesis in forward ...
There are two unresolved puzzles in the empirical foreign exchange literature. The first is the find...
In the past two decades, there have been many empirical studies both in support of and opposing the ...
Interest rate parity is one of the most important theory in international finance which determines t...
Empirical studies often report a negative relationship between the difference in the spot exchange r...
This thesis has two main aims, split into two parts. The aim of the first part is to see if the unb...
This paper develops a model for the forward and spot exchange rate which allows for the presence of ...
An important puzzle in international finance is the failure of the forward exchange rate to be a rat...
This paper evaluates the extent to which the forward exchange rate serves as an 'unbiased' predictor...
This study assesses whether the unbiased forward rate hypothesis (UFRH) holds in its strong or weak ...
Many studies have replicated the finding that the forward rate is a biased predictor of the future c...
The difference between data used in empirical studies and that envisioned in the theory can influenc...
A large empirical literature has tested the unbiasedness hypothesis in the foreign exchange market u...
In this paper we reexamine the evidence on the forward rate unbiasedness hypothesis for the main cur...
This paper evaluates two popular regression methods of testing the unbiasedness hypothesis in the fo...
This paper provides a robust statistical approach to testing the unbiasedness hypothesis in forward ...
There are two unresolved puzzles in the empirical foreign exchange literature. The first is the find...
In the past two decades, there have been many empirical studies both in support of and opposing the ...
Interest rate parity is one of the most important theory in international finance which determines t...
Empirical studies often report a negative relationship between the difference in the spot exchange r...
This thesis has two main aims, split into two parts. The aim of the first part is to see if the unb...
This paper develops a model for the forward and spot exchange rate which allows for the presence of ...
An important puzzle in international finance is the failure of the forward exchange rate to be a rat...
This paper evaluates the extent to which the forward exchange rate serves as an 'unbiased' predictor...
This study assesses whether the unbiased forward rate hypothesis (UFRH) holds in its strong or weak ...
Many studies have replicated the finding that the forward rate is a biased predictor of the future c...
The difference between data used in empirical studies and that envisioned in the theory can influenc...