1# Library to Find Best eBook for Read
Author : Ross Levine
Release : 1988
Genre : Economic forecasting
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Forward Exchange Rate Bias by : Ross Levine
Download or read book The Forward Exchange Rate Bias written by Ross Levine. This book was released on 1988. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marianne Nessén
Release : 1994
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Exchange Rate Expectations, the Forward Exchange Rate Bias and Risk Premia in Target Zones by : Marianne Nessén
Download or read book Exchange Rate Expectations, the Forward Exchange Rate Bias and Risk Premia in Target Zones written by Marianne Nessén. This book was released on 1994. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ali M. Kutan
Release : 2002
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Is There Asymmetry in Forward Exchange Rate Bias? by : Ali M. Kutan
Download or read book Is There Asymmetry in Forward Exchange Rate Bias? written by Ali M. Kutan. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Peter Isard
Release : 1994-02-01
Genre : Business & Economics
Kind : eBook
Book Rating : 043/5 ( reviews)
Book Synopsis Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization by : Mr.Peter Isard
Download or read book Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization written by Mr.Peter Isard. This book was released on 1994-02-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper models an adjustable peg exchange rate arrangement as a policy rule with an escape clause under which the timing and magnitudes of realignments are the outcomes of policy optimization decisions. Under the assumptions that market participants are rational, risk averse, and fully informed about the incentives of policymakers, the analysis focuses on the implications for relating realignment expectations to the state variables that enter the policy objective function, for modeling the bias in using forward exchange rates to predict future spot rates, and for characterizing the effectiveness of sterilized intervention.
Author : Raj Aggarwal
Release : 2009
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Forward Exchange Rate Bias Puzzle is Persistent by : Raj Aggarwal
Download or read book The Forward Exchange Rate Bias Puzzle is Persistent written by Raj Aggarwal. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: An important puzzle in international finance is the failure of the forward exchange rate to be a rational forecast of the future spot rate. It has often been suggested that this puzzle may be resolved by using better statistical procedures that correct for both non-stationarity and nonnormality in the data. We document that even after accounting for non-stationarity, nonnormality, and heteroscedasticity using parametric and non-parametric tests on data for over a quarter century, US dollar forward rates for horizons ranging from one to twelve months for the major currencies, the British pound, Japanese yen, Swiss franc, and the German mark, are generally not rational forecasts of future spot rates. These findings of non-rationality in forward exchange rates for the major currencies continue to be puzzling especially as these foreign exchange markets are some of the most liquid asset markets with very low trading costs.
