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 e
The Unbiasedness Hypothesis in the Freight Forward Market: Evidence from Cointegration Tests
โ Scribed by Manolis G. Kavussanos; Ilias D. Visvikis; David Menachof
- Publisher
- Springer US
- Year
- 2004
- Tongue
- English
- Weight
- 401 KB
- Volume
- 7
- Category
- Article
- ISSN
- 1380-6645
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## PREVIOUS TESTS OF THE UNBIASED EXPECTATIONS HYPOTHESIS Price dynamics in the metals markets are not characterized by seasonalities in supply and metals can be stored indefinitely with relatively stable storage costs. Despite these convenient features of the data, previous empirical tests of the
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