oaioai:eprints.gla.ac.uk:108873

The efficiency of the forward exchange market

Authors
Publication date
1 January 1987
Publisher
Elsevier
Doi

    Abstract

    In this note we test the efficiency of the forward market for foreign exchange for the UK pound-US dollar exchange rate, using residuals from the LUS class. We show that previous rejections of efficiency in the forward market have not been due to the use of residuals from the OLS class

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      oaioai:eprints.gla.ac.uk:108873
      Last time updated on 28/07/2016

      This paper was published in Enlighten.

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