Testing the Rationality of Exchange Rate Expectations: Evidence from Survey Data

The present study has two important implications. First, It contributes to a better understanding of famous forward discount puzzle in international finance. The puzzle is that forward discount is a biased predictor of future exchange rate changes. There are two explanations of this bias. The failur...

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Veröffentlicht in:	American business review 2004-01, Vol.22 (1), p.11
Hauptverfasser:	Miah, Fazlul, M Kabir Hassan, Ikhtiar Alam, S M
Format:	Artikel
Sprache:	eng
Schlagworte:	American dollar Bias Cointegration analysis Datasets Econometrics Foreign exchange markets Foreign exchange rates Hypotheses International finance Literature reviews Money markets Rational expectations Rationality Risk premiums Studies
Online-Zugang:	Volltext
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