haku: @author Wallace, M. S. / yhteensä: 4
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| Tekijä: | Barnhart, S. W. McNown, R. Wallace, M. S. |
| Otsikko: | Non-informative tests of the unbiased forward exchange rate |
| Lehti: | Journal of Financial and Quantitative Analysis
1999 : JUN, VOL. 34:2, p. 265-291 |
| Asiasana: | Exchange rates Foreign exchange Econometric models Test statistics |
| Kieli: | eng |
| Tiivistelmä: | The article reexamines a familiar but unsettling result in the foreign exchange literature: that the forward rate is no unbiased predictor of the future spot rate. It outlines why some frequently used tests of unbiasedness are non-informative in the sense that they are incapable of correctly testing the hypothesis. |
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