Further tests on the forward exchange rate unbiasedness hypothesis

Sosvilla Rivero, Simón Javier2023-06-212023-06-211991https://hdl.handle.net/20.500.14352/64082In 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.engAtribución-NoComercial-CompartirIgual 3.0 Españahttps://creativecommons.org/licenses/by-nc-sa/3.0/es/Further tests on the forward exchange rate unbiasedness hypothesistechnical reporthttp://economicasyempresariales.ucm.es/working-papers-cceeopen accessExchange rateUnbiasednessDinero5304.06 Dinero y Operaciones Bancarias