Further tests on the forward exchange rate unbiasedness hypothesis
Loading...
Download
Official URL
Full text at PDC
Publication date
1991
Advisors (or tutors)
Editors
Journal Title
Journal ISSN
Volume Title
Publisher
Facultad de CC.EE. Decanato
Citations
Exportar
Citation
Abstract
In this paper we reexamine the evidence on the forward rate unbiasedness hypothesis for the main currencies vis-à-vis the U.S. Dollar exchange rate using the Phillips and Hansen (1990) estimation and inference procedure.