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FORWARD MARKET AND EXCHANGE RATE DETERMINATION IN KOREA: Comment

✍ Scribed by Sakda Sreesangkom


Book ID
115208632
Publisher
John Wiley and Sons
Year
1990
Tongue
English
Weight
344 KB
Volume
4
Category
Article
ISSN
1351-3958

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Covered arbitrage in foreign exchange ma
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In a recent issue of this Journal, 1 Dilip Ghosh confuses the concept of a (known) forward interest rate with that of a (random) future short-term interest rate. As a result, both of his main conclusions-that combining interest rate forwards with foreign exchange (FX) forwards produces a new version